Average-cost method-amount allocated to ending inventory

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Reference no: EM131295430

A company just began business and made the following four inventory purchases in June:

June 1 150 units $825

June 10 200 units 1,120

June 15 200 units 1,140

June 28 150 units 885

$3,970

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:

Reference no: EM131295430

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