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A company just began business and made the following four inventory purchases in June: June 1 150 units $ 800 June 10 200 units 1,000 June 15 200 units 1,500 June 28 150 units 1,600 $4,900 A physical count of merchandise inventory on June 30 reveals that there are 250 units on hand. Using the average cost method, the amount allocated to the ending inventory on June 30 is: A) $1,418. B) $1,475. C) $1,425. D) $1,400. E) None of the above is a correct answer.

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