On January 15, 2020 Jenny started a small business buying and selling hand sanitizers. She invested $40,000 in the business and during the next six months, the following transactions occurred.

Date of purchasesSanitizers purchased (units)

Total cost

$

Date of issues

Sales

(Units)

Total value $January 152007,200 February 840015,000February 1050022,000March 1160024,000 April 1240017,000April 2060027,000June 1550022,000June 2540020,000

Required:

Using the AVCO method, determine the number of units of stock on hand at June 30, 2020 (CLO3)

a) 600 units

b) 400 units

c) 1,500 units

d) 500 units