Question - Noise Makers Inc. has the following inventory data:
July 1 Beginning inventory 30 units at $19 $5707
Purchases 105 units at $20 210022
Purchases 15 units at $22 330 $3000
A physical count of merchandise inventory on July 30 reveals that there are 48 units on hand. Using the average cost method, the value of ending inventory is
a) $930.
b) $976.
c) $960.
d) $990