FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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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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