:02 PM Remaining: 31 min. uestion 1 company just starting business made the following four inventory purchases in June: Date June 1 June 10 June 15 June 28 Number of units purchased 190 units 200 units 200 units 130 units Total cost 380 580 650 500 $2110 A physical count of merchandise inventory on June 30 reveals that there are 290 units on hand. The inventory method which results in the highest gross profit for June is O the FIFO method. not determinable. O the LIFO method. the weighted average unit cost method