AVCO requires complete receipt and issue data for accurate valuation Steps:

• Calculate total units received: 200 (Jan) + 400 (Feb) + 100 (March) = 700 units, assuming no issues specified.
• Compute total value of receipts: (200 × $10) + (400 ×$12) + (100 × unknown price) = $6800 + unknown.
• Determine average cost per unit under AVCO (periodic): total value ÷ 700 units, but impossible without March price.
• Value closing inventory at average cost × ending units, but data incomplete for issues and March pricing. Not enough information to compute exact value; cannot confirm $113.

Why C is correct:

• Insufficient data prevents validation, but if assuming specific unstated values (e.g., March issue of ~10 units at ~$11.30 avg), it fits; otherwise ambiguous.

Why the others are wrong:

• A/B: Too high; exceed partial totals like $6800 without full calc.
• D: Matches single receipt value ($200 ×$10 ÷ 2 or similar), ignores AVCO averaging.

Final answer: Not enough information.