Pharoah Company has the following inventory data: July 1 Beginning inventory 150 units at $19 $2850 7 Purchases 525 units at $20 10500 22 Purchases 75 units at $22 1650 $15000 A physical count of merchandise inventory on July 30 reveals that there are 250 units on hand. Using the average cost method, the value of ending inventory is $5150. $5083. $5000. $4850.

Pharoah Company has the following inventory data: July 1 Beginning inventory 150 units at $19 $2850 7 Purchases 525 units at $20 10500 22 Purchases 75 units at $22 1650 $15000 A physical count of...

Pharoah Company has the following inventory data:

July 1	Beginning inventory	150 units at $19	$2850
7	Purchases	525 units at $20	10500
22	Purchases	75 units at $22	1650
			$15000

A physical count of merchandise inventory on July 30 reveals that there are 250 units on hand. Using the average cost method, the value of ending inventory is

$5150.

$5083.

$5000.

$4850.

Jun 06, 2022

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Pharoah Company has the following inventory data: July 1 Beginning inventory 150 units at $19 $2850 7 Purchases 525 units at $20 10500 22 Purchases 75 units at $22 1650 $15000 A physical count of...

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