Consider the following facts: Company A begin business operations in the month o

Question

Consider the following facts: Company A begin business operations in the month of April. On April 1, it purchased 150 units of goods for $390. On April 10, it purchased 200 units of goods for $585. On April 15, it purchased 200 units of goods for $630. On April 28, it purchased 150 units of goods for $510. At the end of the month, it discovered that it had 200 units on hand after completing its physical inventory count. Company A uses the average-cost inventory accounting method. Company A's ending inventory for April is:

Explanation / Answer

As the company A uses the Average-cost inventory accounting, the total value of inventory for April is:

Units - 200 of $ 528.75

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