Three identical units of Item K113 are purchased during July, as shown below Item K113 Units Cost July 9 Purchase 1 160 17 Purchase 1 172 26 Purchase 1 193 Assume that one unit is sold on July 31 for $267 Determine the ending inventory on July 31 using the average cost method (Round to the nearest whole dollar)

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Three identical units of Item K113 are purchased during July, as shown below. Item K113 Units Cost July 9 Purchase 1 160 17 Purchase 1

Three identical units of Item K113 are purchased during July, as shown below.

		Item K113	Units	Cost
July	9	Purchase	1	160
	17	Purchase	1	172
	26	Purchase	1	193

Assume that one unit is sold on July 31 for $267. Determine the ending inventory on July 31 using the average cost method.(Round to the nearest whole dollar)

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