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Pina Colada Corp. just began business and made the following four inventory purchases in June: June 1 171 units $1026 June 10 228 units 1596
Pina Colada Corp. just began business and made the following four inventory purchases in June:
June 1 | 171 units | $1026 | ||
June 10 | 228 units | 1596 | ||
June 15 | 228 units | 1824 | ||
June 28 | 171 units | 1539 | ||
$5985 |
A physical count of merchandise inventory on June 30 reveals that there are 228 units on hand. Using the average cost method, the amount allocated to the ending inventory on June 30 is
$1710.
$1824.
$1597.
$1995.
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