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A Company Just Began Business and Made the Following Four

Question 74

Multiple Choice

A company just began business and made the following four inventory purchases in June: 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) $1,134. B) $1,180. C) $1,100. D) $1,120. 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) $1,134.
B) $1,180.
C) $1,100.
D) $1,120.

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