Use the information below to answer the following question. the following lots of a particular commodity were available for sale during the year: beginning inventory 10 units at $60 first purchase 25 units at $65 second purchase 30 units at $68 third purchase 15 units at $75 the firm uses the periodic system, and there are 25 units of the commodity on hand at the end of the year. what is the amount of inventory at the end of the year rounded to the nearest dollar using the average cost method?

The amount of inventory at the end of the year is $1,684 taking into account the 25 units of the commodity

Explanation:

In this case, the average cost method is used to determine the price per unit at the end of the yera taking into consideration the beginning inventory and the 3 purchases made during the year.

For each new entrance in the stock, it is necessary to calculate the unit price at the average cost method:

At the end of the year, there are 25 units at $67.4 =$1,684

Incoming  Stock  

QuantityPriceTotalQuantityPriceTotal

 1060600

256516253563,62225

306820406565,64265

157511258067,385390

the answer is either c or b, i cant be to sure tho.

answer; i believe the answer is 40,600,000;