Noise Makers Inc A Physical Count of Merchandise Inventory on July 30 Reveals

question 39

Multiple Choice

Noise Makers Inc. has the following inventory data: $$\begin{array} { r l l r } \text { July } 1 & \text { Beginning inventory } & 30 \text { units at } \$ 19 & \$ 570 \\7 & \text { Purchases } & 105 \text { units at } \$ 20 & 2,100 \\22 & \text { Purchases } & 15 \text { units at } \$ 22 & { 330 }\\&&&{ \$ 3,000 }\end{array}$$ A physical count of merchandise inventory on July 30 reveals that there are 48 units on hand. Using the average cost method, the value of ending inventory is

• A)$930.
• B)$960.
• C)$976.
• D)$990.