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Splish Brothers Inc. has the following inventory data: July 1 Beginning inventory 7 Purchases 22 Purchases 36 units at $23 126 units at $24 18

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Splish Brothers Inc. has the following inventory data: July 1 Beginning inventory 7 Purchases 22 Purchases 36 units at $23 126 units at $24 18 units at $26 $828 3024 468 $4320 A physical count of merchandise inventory on July 30 reveals that there are 58 units on hand. Using the average cost method, the value of ending inventory is $1428. $1356. $1392. $1411

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