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Coronado has the following inventory information.

July	1	Beginning Inventory	15 units at $20	$300
	7	Purchases	90 units at $23	2070
	22	Purchases	20 units at $25	500
				$2870

A physical count of merchandise inventory on July 31 reveals that there are 25 units on hand. Using the average-cost method, the value of ending inventory is

$553.

$574.

$593.

$618.

Can you help me with the multiple choice question?