Multiple Choice
A company has a beginning inventory of $40,000 and purchases during the year of $110,000. 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 value of the ending inventory using the average-cost method will be:
A) $38,280.
B) $46,389.
C) $52,200.
D) $97,800.
Correct Answer:
Verified
Correct Answer:
Verified
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