A company has a beginning inventory of $40,000 and purchases during the year of $110,000. The beginning inventory consisted of 3,000 units and 7,000 units were purchased during the year. 3,480 units remain in ending inventory. The value of the ending inventory using the average-cost method will be:

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The Answer of A company has a beginning inventory of $40,000 and purchases during the year of $110,000. The beginning inventory consisted of 3,000 units and 7,000 units were purchased during the year. 3,480 units remain in ending inventory. The value of the ending inventory using the average-cost method will be:

A Company Has a Beginning Inventory of $40,000 and Purchases