Ending inventory using the average cost method is:
A)$ 650.
B)$1,000.
C)$ 707.
D)$ 600.[(40 $100) + (70 $80) + (170 $60)] = $19,800 280 units = $70.71 per unit 10 units $70.71 = $707 (rounded)

Question

Quizplus · Accepted Answer

This is calculated by finding the total cost of all units in inventory (40*$100 + 70*$80 + 170*$60 = $19,800) and dividing by the total number of units (280). This gives an average cost per unit of $70.71. Multiplying by the 10 units remaining in inventory gives an ending inventory value of $707. Therefore, the best choice is C.

Ending Inventory Using the Average Cost Method Is