Answered
Pasquale has the following inventory information. July 1 Beginning Inventory 20 units at $19$3807 Purchases 70 units at $201,40022 Purchases 10 units at $24240$2,020\begin{array}{rllr}\text { July } 1 & \text { Beginning Inventory } & 20 \text { units at } \$ 19 & \$ 380 \\7 & \text { Purchases } & 70 \text { units at } \$ 20 & 1,400 \\22 & \text { Purchases } & 10 \text { units at } \$ 24 & 240\\& & &\$2,020\end{array} July 1722 Beginning Inventory Purchases Purchases 20 units at $1970 units at $2010 units at $24$3801,400240$2,020 A physical count of merchandise inventory on July 31 reveals that there are 30 units on hand. Using the average-cost method the value of ending inventory is
A) $585.
B) $606.
C) $630.
D) $660.
On Apr 30, 2024