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wileyPLUS: MywileyPLUSI HelpI Contact UsI Log Kimmel, Accounting, 6e FINANCIAL & MANAGERIAL (ACC 110/21 tice Gradebook ORION Downloadable eTextbook ment 9:37 AM/ Remaining: 21 min. CALCULATOR FULL SCREEN PRINTER VERSION | BACK NEXT Question 26 Chariene Cosmetics Company just began business and made the following four inventory purchases in June: June 1 150 units $1040 June 10 200 units 1560 June 15 200 units 1680 June 28 150 units 1320 $5600 A physical count of merchandise Inventory on June 30 reveais that there are 210 units on hand. Using the average cost method, the amount allocated to the ending inventory on June 30 is O $1764 O $1639. $1824. $1680. Click if you would like to Show Work for this question: Open Show Work Question Attempts: 0 of 1 used SAVE FOR LATER SURMIT ANSWER Privacy Plic1 2000-2018 2ohn Wiley & Sons.Inc All Rights Reserved. A Division of 2ohn Wiley A Sons, Ins Version 4.24.82 80 F1 F3 F5 F7 F8Explanation / Answer
D. $1,680
The amount allocated to the ending inventory on June 30 is:
= ($5,600 / 700) * 210
= $1,680
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