A Company Just Began Business and Made the Following Four

question 180

Multiple Choice

A company just began business and made the following four inventory purchases in June: $\begin{array}{lrlr}\text { June } & 1 & 150 \text { units } & \$ 990 \\\text { June } & 10 & 200 \text { units } & 1,344 \\\text { June } & 15 & 200 \text { units } & 1,368 \\\text { June } & 28 & 150 \text { units } & 1,062\\&&&\$4,764\end{array}$ 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

• A)$1,361.
• B)$1,416.
• C)$1,320.
• D)$1,344.

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Definitions:

Ocean Bottom

The lowest layer of the ocean floor, including various features such as plains, trenches, and ridges.

Wind Erosion

The removal and transportation of soil and rock particles by the wind.

Soil Moisture

The amount of water present within the soil, crucial for plant growth and agricultural planning.

Farmers Create

The process by which agricultural professionals cultivate crops and rear livestock, contributing to food production and land management.