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Use the Following Inventory Information for the Month of July

Question 41

Multiple Choice

Use the following inventory information for the month of July to answer questions :
Use the following inventory information for the month of July to answer questions : A physical count of inventory on July 30 reveals that there are 35 units on hand. -Using the average cost method, the value of ending inventory is: A) $700. B) $711.67. C) $1,300. D) $1,321.67. A physical count of inventory on July 30 reveals that there are 35 units on hand.
-Using the average cost method, the value of ending inventory is:


A) $700.
B) $711.67.
C) $1,300.
D) $1,321.67.

Correct Answer:

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