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Pasquale has the following inventory information. in July1 the beginning Inventory is 20 units costing $ 380. On July 7th purchases 70 units costing $1,400
Pasquale has the following inventory information. in July1 the beginning Inventory is 20 units costing $ 380. On July 7th purchases 70 units costing $1,400 and on July 22nd purchases 10 units costing 240. The total cost of inventory $2,020. A physical count of merchandise inventory on July 31st reveals that there are 30 units on hand. Using the average-cost method, the value of ending inventory is.
a. $585.
b. $630.
c. $660.
d. $606.
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