Answered
A company just starting business made the following four inventory purchases in June: June 1150 units $390 June 10200 units 598 June 15200 units 630 June 28150 units 510‾$2,128‾\begin{array} { r r r r } \text { June } & 1 & 150 \text { units } & \$ 390 \\\text { June } & 10 & 200 \text { units } & 598 \\\text { June } & 15 & 200 \text { units } & 630 \\\text { June } &28 & 150 \text { units } & \underline { 510 } \\& & & \underline { \$ 2,128 }\end{array} June June June June 1101528150 units 200 units 200 units 150 units $390598630510$2,128 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) $540.
B) $608.
C) $668.
D) $1520.
On May 14, 2024