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A Company Just Starting Business Made the Following Four Inventory

Question 181

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A company just starting business made the following four inventory purchases in June:  June 1150 units $390 June 10200 units 598 June 15200 units 630 June 28150 units 510$2,128\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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