A company just starting business made the following four inventory purchases in June:
A physical count of merchandise inventory on June 30 reveals that there are 100 units on hand. Using the average-cost method, the amount allocated to the ending inventory on June 30 is
A) ¥28,000.
B) ¥24,000.
C) ¥4,400.
D) ¥4,000.
Correct Answer:
Verified
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