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.

Question

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.

Quizplus · Accepted Answer

The Answer of 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 Company Just Began Business and Made the Following Four