Singh Computer Shop begins operations on June 1 and uses a perpetual inventory system. During June, the company had the following purchases and sales for its Model 10 Fastback Computer System: 
-Using the average cost formula, the amount allocated to the ending inventory on June 30 is
Definitions:
Total Cost Accounted
The aggregate cost that has been recorded or reported for a certain product, project, or activity, including direct and indirect costs.
Conversion Costs
The costs necessary to convert raw materials into finished goods, including labor and overhead expenses.
Weighted-Average Method
An inventory costing method that calculates the cost of goods sold and ending inventory value based on the average cost of all goods available for sale during the period.
Assembly Department
A section in a manufacturing facility where components are put together to form a final product.
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