A Company Just Starting Business Made the Following Four Inventory

question 181

Multiple Choice

A company just starting business made the following four inventory purchases in June: $$\begin{array} { r r r r } \text { June } & 1 & 150 \text { units } & \$ 390 \\\text { June } & 10 & 200 \text { units } & 598 \\\text { June } & 15 & 200 \text { units } & 630 \\\text { June } &28 & 150 \text { units } & \underline { 510 } \\& & & \underline { \$ 2,128 }\end{array}$$ 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) $540.
• B) $608.
• C) $668.
• D) $1520.

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Definitions:

Traditional Media

Forms of mass communication existing before the advent of digital media, including newspapers, magazines, radio, and television.

Antitrust

Laws and regulations designed to promote competition and prevent monopolies in the market.

Organized Recreation

Structured forms of leisure activities that are planned or regulated by organizations or institutions, aimed at providing entertainment or skill development.

Spontaneous

Occurring without apparent external cause; arising naturally and unexpectedly.