Question 12 of 18 - 12 Tii View Policies Current Attempt in Progress A company just starting business made the following four inventory purchases in June: Date Total cost $ 430 June 1 June 10 Number of units purchased 170 units 250 units 250 units 190 units 590 June 15 650 June 28 480 $2150 A physical count of merchandise inventory on June 30 reveals that there are 220 units on hand. Using the average-cost method, the amount allocated to the ending inventory on June 30 is O $1154. O $550. O $610. O $548. View Policies Current Attempt in Progress Concord Company uses a periodic inventory system. Details for the inventory account for the month of January, 2020 are as follows: Units Per Unit Price Total 300 $4 $1200 100 5.2 520 Balance, 1/1/20 Purchase, 1/15/20 Purchase, 1/28/20 100 5.6 560 An end of the month (1/31/20) inventory showed that 260 units were on hand. If the company uses LIFO, what is the value of the ending inventory? O $1080 O $1392 O $1040 O $1352 View Policies Current Attempt in Progress In its first month of operations, Waterway Company made three purchases of merchandise in the following sequence: (1) 320 units at $8, (2) 440 units at $9, and (3) 240 units at $10. Calculate the average unit cost. (Round answer to 2 decimal places, e.g. 15.25.) Average unit cost $ Compute the cost of the ending inventory under the average cost method, assuming there are 360 units on hand. (Round answer to O decimal places, e.g. 1,250.) The cost of the ending inventory $