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 250 units on hand. Using the average-cost method, the amount allocated to the ending inventory on June 30 is
A)$683.
B)$755.
C)$825.
D)$1,360.

Question

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 250 units on hand. Using the average-cost method, the amount allocated to the ending inventory on June 30 is
A)$683. 
B)$755. 
C)$825. 
D)$1,360.

Quizplus · Accepted Answer

The Answer of 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 250 units on hand. Using the average-cost method, the amount allocated to the ending inventory on June 30 is
A)$683. 
B)$755. 
C)$825. 
D)$1,360.

A Company Just Starting Business Made the Following Four Inventory