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Find the amount allocated to the ending inventory on june

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Reference no: EM132547193

Question - Luke Emm Company just starting business made the following four inventory purchases in June:

June 1 June 10 June 15 June 28 Total

150units 200 units 200 units 150 units

P390 P585 P630 P495 P2,100

A physical count of merchandise inventory on June 30 reveals that there are 200 units on hand.

Required - Using the average-cost method, the amount allocated to the ending inventory on June 30 is

a. 2,100

b. 1,500

c. 575

d. 600

Reference no: EM132547193

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