Splish Brothers Inc. just began business and made the following four inventory purchases in June: June 1 June 10 June 15 186 units 248 units 248 units June 28 186 units $1116 1736 $1984 O $1860. Ⓒ$1737. $2170. 1984 1674 $6510. A physical count of merchandise inventory on June 30 reveals that there are 248 units on hand. Using the average cost method, the amount allocated to the ending inventory on June 30 is

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Splish Brothers Inc. just began business and made the following four inventory purchases in June:
June 1
June 10
June 15
June 28
186 units
248 units
248 units
186 units
$1984.
O $1860.
$1737.
$2170
$1116
1736
1984
1674
$6510.
A physical count of merchandise inventory on June 30 reveals that there are 248 units on hand. Using the average cost method, the
amount allocated to the ending inventory on June 30 is
Transcribed Image Text:Splish Brothers Inc. just began business and made the following four inventory purchases in June: June 1 June 10 June 15 June 28 186 units 248 units 248 units 186 units $1984. O $1860. $1737. $2170 $1116 1736 1984 1674 $6510. A physical count of merchandise inventory on June 30 reveals that there are 248 units on hand. Using the average cost method, the amount allocated to the ending inventory on June 30 is
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