1. Alpha First Company just began business and made the following four inventory purchases in June: June 1 150 units $ 1,040 June 10 200 units 1,560 June 15 200 units 1.680 June 28 150 units 1.320 $5,600 A physical count of merchandise inventory on June 30 reveals that there are 190 units on hand. 1. Alpha First Company just began business and made the following four inventory purchases in June: June 1 150 units $ 1,040 June 10 200 units 1,560 June 15 200 units 1.680 June 28 150 units 1.320 $5,600 A physical count of merchandise inventory on June 30 reveals that there are 190 units on hand