A company just began business and made the following four inventory purchases in June: 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
A)$1,361.
B)$1,416.
C)$1,320.
D)$1,344.

Question

A company just began business and made the following four inventory purchases in June:  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
A)$1,361. 
B)$1,416. 
C)$1,320. 
D)$1,344.

Quizplus · Accepted Answer

The Answer of A company just began business and made the following four inventory purchases in June:  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
A)$1,361. 
B)$1,416. 
C)$1,320. 
D)$1,344.

A Company Just Began Business and Made the Following Four