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Current Attempt in Progress A company just starting business made the following four inventory purchases...

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Accounting

Current Attempt in Progress
A company just starting business made the following four inventory purchases in June:
June 1
150 units
$390
June 10250 units
585
June 15
250 units
700
June 28
200 units
450
$2125
-/1
A physical count of merchandise inventory on June 30 reveals that there are 300 units on hand. Using the average-cost method, the amount allocated to the ending inventory on June 30 is
$870.
$741.
$1540.
$750.
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