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A company just starting business made the following four inventory purchases in June: June 1 120 units $400 June 10: 200 units 590 June 15

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A company just starting business made the following four inventory purchases in June: June 1 120 units $400 June 10: 200 units 590 June 15 200 units 630 June 28 230 units 270 $1890 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 $636. $504 $522 O $1300

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