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2-Crane Company just began business and made the following four inventory purchases in June: June 1 212 units $ 1292 June 10 252 units 1764
2-Crane Company just began business and made the following four inventory purchases in June:
June 1 | 212 units | $ 1292 | ||
June 10 | 252 units | 1764 | ||
June 15 | 252 units | 2016 | ||
June 28 | 212 units | 1802 | ||
$ 6874 |
A physical count of merchandise inventory on June 30 reveals that there are 262 units on hand. Using the FIFO inventory method, the amount allocated to ending inventory for June is
A-$2202
B-$2282
C-$1642
D-$1941
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