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Sunland Company just began business and made the following four inventory purchases in June: June1144 units$1000June10192 units1500June15192 units1610June28144 units1270$5380 A physical count of merchandise inventory
Sunland Company just began business and made the following four inventory purchases in June:
June1144 units$1000June10192 units1500June15192 units1610June28144 units1270$5380
A physical count of merchandise inventory on June 30 reveals that there are 200 units on hand. Using the average cost method, the amount allocated to the ending inventory on June 30 is
$1740.
$1677.
$1601.
$1564.
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