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Splish Brothers Inc. has the following inventory data: July 1 Beginning inventory 138 units at $19 $2622 7 Purchases 483 units at $20 9660 22
Splish Brothers Inc. has the following inventory data: July 1 Beginning inventory 138 units at $19 $2622 7 Purchases 483 units at $20 9660 22 Purchases 69 units at $22 1518 $13800 A physical count of merchandise inventory on July 30 reveals that there are 230 units on hand. Using the average cost method, the value of ending inventory is O $4676 O $4738 $4600. $4462
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