Use the Following Data to Calculate the Cost of Ending

question 91

Multiple Choice

Use the following data to calculate the cost of ending inventory under average cost method. $$\begin{array} { l l l } \text { September } 1 & \text { Beginning Inventory } & 20 \text { units at } \$ 10 \text { each } \\\text { September } 10 & \text { Purchase } & 25 \text { units at } \$ 20 \text { each } \\\text { September } 20 & \text { Purchase } & 40 \text { units at } \$ 25 \text { each } \\\text { September } 30 & \text { Ending Inventory } & 35 \text { units }\end{array}$$

• A) $992
• B) $400
• C) $875
• D) $700

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