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Swifty Corporation has the following inventory data: July 1 7 22 Beginning inventory Purchases Purchases 23 units at $14 80 units at $15 11 units
Swifty Corporation has the following inventory data: July 1 7 22 Beginning inventory Purchases Purchases 23 units at $14 80 units at $15 11 units at $17 $322 1200 187 $1709 A physical count of merchandise inventory on July 30 reveals that there are 36 units on hand. Using the average cost method, the value of ending inventory is O $562 O $540 O $552 O $517
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