Use the following data to calculate the cost of ending inventory under average cost method. $$\begin{array} { l l l }
\text { September } 1 & \text { Beginning Inventory } & 20 \text { units at } \$ 10 \text { each } \
\text { September } 10 & \text { Purchase } & 25 \text { units at } \$ 20 \text { each } \
\text { September } 20 & \text { Purchase } & 40 \text { units at } \$ 25 \text { each } \
\text { September } 30 & \text { Ending Inventory } & 35 \text { units }
\end{array}$$
A) $992
B) $400
C) $875
D) $700

Question

Use the following data to calculate the cost of ending inventory under average cost method. $$\begin{array} { l l l } 
\text { September } 1 & \text { Beginning Inventory } & 20 \text { units at } \$ 10 \text { each } \
\text { September } 10 & \text { Purchase } & 25 \text { units at } \$ 20 \text { each } \
\text { September } 20 & \text { Purchase } & 40 \text { units at } \$ 25 \text { each } \
\text { September } 30 & \text { Ending Inventory } & 35 \text { units }
\end{array}$$
A) $992
B) $400
C) $875
D) $700

Quizplus · Accepted Answer

The Answer of Use the following data to calculate the cost of ending inventory under average cost method. $$\begin{array} { l l l } 
\text { September } 1 & \text { Beginning Inventory } & 20 \text { units at } \$ 10 \text { each } \
\text { September } 10 & \text { Purchase } & 25 \text { units at } \$ 20 \text { each } \
\text { September } 20 & \text { Purchase } & 40 \text { units at } \$ 25 \text { each } \
\text { September } 30 & \text { Ending Inventory } & 35 \text { units }
\end{array}$$
A) $992
B) $400
C) $875
D) $700

Use the Following Data to Calculate the Cost of Ending