Use the information in this table from the records of Altaire Company to answer the question below

Purchases Unit Total

Date (Units) Cost Cost

August 1 Beginning Inventory 5 $100 $500

August 3 Purchase 4 $125 500

August 8 Sold 5 units

August 14 Purchase 4 $130 520

August 26 Sold 6 units

August 31 Purchase 3 $135 405

Goods available for sale 16 $1,925

Unit selling price is $150 each.

10.) Using the information above, if Altaire Company uses a perpetual system and the average cost method, the value of ending inventory (rounded to the nearest dollar) will be:

a.) 500

b.) 646

c.) 665

d.) 605