Multiple Choice Question 59 A company just starting business made the following four inventory purchases in June: Number of units Date purchased Total cost June 1 100 units $ 350 June 10 240 units 580 June 15 240 units 480 June 28 120 units 550 $1960 A physical count of merchandise inventory on June 30 reveals that there are 260 units on hand. Using the average cost method, the amount allocated to the ending inventory on June 30 s 3737 $728 $1332 $870