Charlene Cosmetics 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 210 units on hand. Using the average cost method, the amount allocated to the ending inventory on June 30 is
A) $1,229.
B) $1,368.
C) $1,323.
D) $1,260.

Question

Charlene Cosmetics 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 210 units on hand. Using the average cost method, the amount allocated to the ending inventory on June 30 is
A) $1,229. 
B) $1,368. 
C) $1,323. 
D) $1,260.

Quizplus · Accepted Answer

The Answer of Charlene Cosmetics 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 210 units on hand. Using the average cost method, the amount allocated to the ending inventory on June 30 is
A) $1,229. 
B) $1,368. 
C) $1,323. 
D) $1,260.

Charlene Cosmetics Company Just Began Business and Made the Following