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What is the value of ending inventory for blossom company

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Reference no: EM132856765

Blossom Company has the following inventory data:

July 1 Beginning inventory 34 units at $20 $6807

Purchases 146 units at $243   50422

Purchases  20 units at $25500  $4684

Problem 1: A physical count of merchandise inventory on July 30 reveals that there are 67 units on hand. Using the average cost method, the value of ending inventory is

Option 1: $1628.

Option 2: $1569.

Option 3: $1608.

Option 4: $1675.

Reference no: EM132856765

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