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A Company Just Began Business and Made the Following Four

Question 136

Multiple Choice

A company just began business and made the following four inventory purchases in June: A company just began business and made the following four inventory purchases in June: 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) $1,361. B) $1,416. C) $1,320. D) $1,344. 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) $1,361.
B) $1,416.
C) $1,320.
D) $1,344.

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