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What is ending inventory under the average cost method

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Reference no: EM132052380

Question - Snug-As-A-Bug Blankets has the following inventory data:

July 1 Beginning inventory 15 units at $60

July 5 Purchases 90 units at $56

July 14 Sale 60 units

July 21 Purchases 45 units at $58

July 30 Sale 42 units

Assuming that a perpetual inventory system is used, what is ending inventory (rounded) under the average cost method for July?

Reference no: EM132052380

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