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Priscilla has the following inventory information. July 1 Beginning Inventory 20 units at $19 $...

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Accounting

Priscilla has the following inventory information. July 1 Beginning Inventory 20 units at $19 $ 380 7 Purchases 70 units at $20 1,400 22 Purchases 10 units at $23 230 $2,010 A physical count of merchandise inventory on July 31 reveals that there are 35 units on hand. Using the average-cost method, the value of ending inventory is

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\table[[LMN, Inc],[Trial Balance before Adjustments,,],[December 31,2022,,],[,Debits,Credits],[Cash,$17,100,],[Accounts Receivable,18,800,],[Supplies,3,400,],[Prepaid Rent,2,500,],[Equipment,54,000,],[Accumulated Depreciation - Equipment,,$10,800

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