A company has a financial year end of 30 November. It has no opening inventory at the beginning of the financial year.
During the year, the following amounts of inventory are purchased.
Sales for the period are 500 units at $\$ 100$ each.
Inventory is valued using the average cost (AVCO) method.
What is the value of inventory, to the nearest dollar, at the end of the year?
1 )
$\$ 4720$
$\$ 5270$
3 )
$\$ 5900$
4 )
$\$ 11800$
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