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Pasquale Has the Following Inventory Information A Physical Count of Merchandise Inventory on July 31 Reveals

Question 37

Multiple Choice

Pasquale has the following inventory information.  July 1 Beginning Inventory 20 units at $19$3807 Purchases 70 units at $201,40022 Purchases 10 units at $24240$2,020\begin{array}{rrrr}\text { July } 1&\text { Beginning Inventory }&20 \text { units at } \$ 19&\$380\\7 & \text { Purchases } & 70 \text { units at } \$ 20 & 1,400 \\22 & \text { Purchases } & 10 \text { units at } \$ 24 & 240\\&&&\$2,020\end{array} A physical count of merchandise inventory on July 31 reveals that there are 30 units on hand. Using a periodic inventory system and the average-cost method, the cost of ending inventory is


A) $585.
B) $606.
C) $630.
D) $660.

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