The following units of an inventory item were available for sale during the year: The firm uses the periodic inventory system. During the year, 60 units of the item were sold.
The value of ending inventory using average cost is:
A) $1,252
B) $1,163
C) $1,275
D) $1,050

Question

The following units of an inventory item were available for sale during the year:  The firm uses the periodic inventory system. During the year, 60 units of the item were sold.
The value of ending inventory using average cost is:
A) $1,252 
B) $1,163 
C) $1,275 
D) $1,050

Quizplus · Accepted Answer

The Answer of The following units of an inventory item were available for sale during the year:  The firm uses the periodic inventory system. During the year, 60 units of the item were sold.
The value of ending inventory using average cost is:
A) $1,252 
B) $1,163 
C) $1,275 
D) $1,050

The Following Units of an Inventory Item Were Available for Sale