A business bought and sold the following items of inventory.

month details units cost per unit
$
January purchased 30 2.00
February purchased 20 2.50
March sold 10 –

It uses the AVCO method of inventory valuation.

What was the value of inventory at the end of March?

Question

A business bought and sold the following items of inventory.

month    details     units   cost per unit
                             $ 
January  purchased   30      2.00
February purchased   20      2.50
March    sold        10      –

It uses the AVCO method of inventory valuation.

What was the value of inventory at the end of March?

Oracle Prep · Accepted Answer

The correct answer is C: $88

A business bought and sold the following items of inventory. month details units cost per unit $ January purchased 30 2.00 February purchased 20 2.50 March sold 10 – It uses the AVCO method of inventory valuation. What was the value of inventory at the end of March?

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