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A Company Just Starting Business Made the Following Four Inventory

Question 123

Multiple Choice

A company just starting business made the following four inventory purchases in June: A company just starting business made the following four inventory purchases in June: A physical count of merchandise inventory on June 30 reveals that there are 100 units on hand. Using the average-cost method, the amount allocated to the ending inventory on June 30 is A) ¥28,000. B) ¥24,000. C) ¥4,400. D) ¥4,000. A physical count of merchandise inventory on June 30 reveals that there are 100 units on hand. Using the average-cost method, the amount allocated to the ending inventory on June 30 is


A) ¥28,000.
B) ¥24,000.
C) ¥4,400.
D) ¥4,000.

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