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Snug-As-A-Bug Blankets has the following inventory data: July 1 Beginning inventory 34.0 units at $67.0 5 Purchases 202.0 units at $63.0 14 Sale 134.0 units
Snug-As-A-Bug Blankets has the following inventory data:
July 1 | Beginning inventory | 34.0 units at $67.0 | ||
5 | Purchases | 202.0 units at $63.0 | ||
14 | Sale | 134.0 units | ||
21 | Purchases | 101.0 units at $65.0 | ||
30 | Sale | 94.0 units |
Assuming that a perpetual inventory system is used, what is ending inventory (rounded) under the average cost method for July?
$6319
$7007
$7075
$7051
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