Determine the Total Value of the Inventory Based on the Average

Multiple Choice

Determine the total value of the inventory based on the average price method. Count Price Extensions
Beginning inventory 6 $5.65 $33.90
Purchases on 2/6 before inventory 6 $6.30 $37.80
Purchases on 2/13 before inventory 12 $6.10 $73.20
Purchases on 2/20 before inventory 6 $6.30 $37.80
Purchases on 2/27 before inventory 4 $5.80 $23.20
Ending inventory 12 units

A) $69.60
B) $73.20
C) $71.90
D) $72.67