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Snug-As-A-Bug Blankets Has the Following Inventory Data Assuming That a Perpetual Inventory System Is Used, What Is

Question 181

Multiple Choice

Snug-As-A-Bug Blankets has the following inventory data:  July 1 Beginning inventory 15 units at $605 Purchases 90 units at $5614 Sale 60 units 21 Purchases 45 units at $5830 Sale 42 units \begin{array}{rll}\text { July } 1 & \text { Beginning inventory } & 15 \text { units at } \$ 60 \\5 & \text { Purchases } & 90 \text { units at } \$ 56 \\14 & \text { Sale } & 60 \text { units } \\21 & \text { Purchases } & 45 \text { units at } \$ 58 \\30 & \text { Sale } & 42 \text { units }\end{array} Assuming that a perpetual inventory system is used, what is ending inventory (rounded) under the average cost method for July?


A) $2,750
B) $2,784
C) $2,406.
D) $2,772

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