Use the following information for the month of June for questions.
XYZ Inc. uses the average cost formula in a perpetual inventory system.
(Use unrounded numbers in your calculations but round to the nearest cent for presentation purposes in your answer.) Jun 22 Sale 40 units
-XYZ Inc. has an ending inventory on June 30 of
A) $1,370.00.
B) $1,418.56.
C) $1,429.90.
D) $1,450.15.

Question

Use the following information for the month of June for questions.
XYZ Inc. uses the average cost formula in a perpetual inventory system.
(Use unrounded numbers in your calculations but round to the nearest cent for presentation purposes in your answer.)  Jun 22 Sale 40 units
-XYZ Inc. has an ending inventory on June 30 of
A) $1,370.00. 
B) $1,418.56. 
C) $1,429.90. 
D) $1,450.15.

Quizplus · Accepted Answer

The correct ending inventory value is $1,429.90, as determined by the inventory records or calculations provided by XYZ Inc.

Use the Following Information for the Month of June for Questions