The financial year of a company finishes on 30 November, and there is no opening inventory at the start of the financial year. In the year, inventory is bought in the following amounts: - 30 March: 330 units at a unit cost of $40$ - 1 November: 288 units at a unit cost of $50$ Sales in the period total 500 units sold at $100$ per unit. The inventory is measured by the average cost (AVCO) method. Calculate the value of inventory, to the nearest dollar, at the end of the year.
- A$4720
- B$5270
- C$5900
- D$11800