Data for Ceretti Company are presented in BE6-2. Compute the cost of the ending inventory under the

Question:

Data for Ceretti Company are presented in BE6-2. Compute the cost of the ending inventory under the average-cost method, assuming there are 300 units on hand.

Ending Inventory
The ending inventory is the amount of inventory that a business is required to present on its balance sheet. It can be calculated using the ending inventory formula Ending Inventory Formula =...