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Sheridan Manufacturing Company began business in June and made the following four inventory purchases: June 1. 138 units $552 june 10. 184 units $1104 june
Sheridan Manufacturing Company began business in June and made the following four inventory purchases:
June 1. 138 units $552
june 10. 184 units $1104
june 15. 184 units $1472
june 28. 138 units $1380
$4508
The company uses a periodic inventory system. A physical count of merchandise inventory on June 30 reveals that there are 184 units on hand. using Average-cost method, the amount in allocated to the inventory on June 30 is
A. $1288
B. $736
C. $1840
D. $1104
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