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Find the amount allocated to the ending inventory on June

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Reference no: EM132802398

Question - A company just starting business made the following four inventory purchases in June:

June 1 150 units $780

June 10 200 units 1,170

June 15 200 units 1,260

June 28 150 units 990

$4,200

A physical count of merchandise inventory on June 30 reveals that there are 250 units on hand. The company uses a periodic inventory system.

Using the average cost method, find the amount allocated to the ending inventory on June 30?

a. $4,200.

b. $1,150.

c. $2,700.

d. $1,500.

Reference no: EM132802398

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