Multiple Choice
A company has a beginning inventory of $40,000 and purchases during the year of $120,000.The beginning inventory consisted of 3,000 units and 7,000 units were purchased during the year.3,480 units remain in ending inventory.The cost of the ending inventory using the average-cost method will be:
A) $13,920.
B) $46,400.
C) $55,680.
D) $59,657.
Correct Answer:
Verified
Correct Answer:
Verified
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