Waterway has the following inventory information. July 1 Beginning Inventory 20 units at $20 $400 7 Purchases 90 units at $20 1800 22 Purchases 10 units at $23 230 $2430 A physical count of merchandise inventory on July 31 reveals that there are 32 units on hand. Using the average-cost method, the value of ending inventory is $667. $648. $674. $626.

Question 19 Waterway has the following inventory information. July 1 7 22 Beginning Inventory Purchases Purchases 20 units at $20 90 units at $20 10 units at $23 $400 1800 230 $2430 A physical count of merchandise inventory on July 31 reveals that there are 32 units on hand. Using the average-cost method, the value of ending inventory is $667. $648. $674. O $626