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

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Accounting

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

June 1st, 100 units $350.

June 10th, 200 units $450.

June 15th, 200 units $480.

June 28th, 100 units $400.

Equaling $1680.

A physical count of merchandise inventory on June 30th reveals that there are 200 units on hand. Using the average-cost method, the amount allocated to the ending inventory on June 30th is...

A) $560.

B) $575.

C) $640.

D) $1230

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