The periodic inventory records of Synergy Prosthetics indicate the following for Date Transaction Number of Units Unit Cost Total Cost Beginning Jan. 1 Inventory 20 20 $22 $440 Mar. 4 Purchase 25 25 21 525 Jun. 9 Purchase 30 20 20 600 Nov. 11 Purchase 30 18 540 Total 105 $2.105

FINANCIAL ACCOUNTING
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Author:Libby
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Chapter1: Financial Statements And Business Decisions
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间
用
(T)
The periodic inventory records of Synergy Prosthetics indicate the following for the current year:
Date
Transaction
Number of
Units
Unit Cost
Total Cost
Beginning
Jan. 1
Inventory
20
$22
$440
Mar. 4
Purchase
25
21
525
Jun. 9
Purchase
30
20
600
Nov. 11
Purchase
30
18
540
Total
105
$2,105
For the entire year, the company sells 81 units of inventory for $30 each. What is the cost of ending inventory under average cost method?
a. $1,623.86
b. $2,430
c. $432
Od. $481.14
Transcribed Image Text:间 用 (T) The periodic inventory records of Synergy Prosthetics indicate the following for the current year: Date Transaction Number of Units Unit Cost Total Cost Beginning Jan. 1 Inventory 20 $22 $440 Mar. 4 Purchase 25 21 525 Jun. 9 Purchase 30 20 600 Nov. 11 Purchase 30 18 540 Total 105 $2,105 For the entire year, the company sells 81 units of inventory for $30 each. What is the cost of ending inventory under average cost method? a. $1,623.86 b. $2,430 c. $432 Od. $481.14
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