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The Singh Computer Shop Begins Operations on June 1 and Uses

Question 173

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The Singh Computer Shop begins operations on June 1 and uses a periodic inventory system. During June, the company had the following purchases and sales for its Model 10 Fastback Computer System: The Singh Computer Shop begins operations on June 1 and uses a periodic inventory system. During June, the company had the following purchases and sales for its Model 10 Fastback Computer System: On June 30 an inventory count showed there were 8 units on hand. -Using the average cost formula, the amount allocated to the ending inventory on June 30 is A) $19,323. B) $12,077. C) $20,800. D) $18,400. On June 30 an inventory count showed there were 8 units on hand.
-Using the average cost formula, the amount allocated to the ending inventory on June 30 is


A) $19,323.
B) $12,077.
C) $20,800.
D) $18,400.

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