The following units of an inventory item were available for sale during the year:Beginning inventory 7 units at $51First purchase 17 units at $53Second purchase 28 units at $54Third purchase 16 units at $55The firm uses the periodic inventory system. During the year, 21 units of the item were sold. The value of ending inventory rounded to the nearest dollar using average cost is (Round average cost per unit to three decimal place.) a.$1,099b.$1,150c.$2,523d.$1,071
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Home » Business » The following units of an inventory item were available for sale during the year:Beginning inventory 7 units at $51First purchase 17 units at $53Second purchase 28 units at $54Third purchase 16 units at $55The firm uses the periodic inventory system.