Kingbird, Inc. just began business and made the following four inventory purchases in June: June 1 177 units $1062 June 10 236 units 1652 June 15 236 units 1888 June 28 177 units 1593 $6195 A physical count of merchandise inventory on June 30 reveals that there are 236 units on hand. Using the average cost method, the amount allocated to the ending inventory on June 30 is $1770. $1653. $2065. $1888.

Using the average cost method, the amount allocated to the ending inventory on June 30 is $1770

Explanation:

Kingbird, Inc.

Date            Units                      Cost

1 June       177 units              $1062

10 June       236 units             1652

15 June           236 units           1888

28 June         177 units              1593

Total                826 units                        $6195

30 June Ending Inventory =  236 units

Average cost = Total Cost/ Total Units= $ 6195/826= $ 7.5 per unit

Ending Inventory Average Cost= $ 7.5 * 236= $ 1770

Using the average cost method, the amount allocated to the ending inventory on June 30 is $1770

whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7.   customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

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