5. The Patel Merchandising Corporation beganjune operations with merchandise inventory of 14'- units. each of which cost $130. During June. Patel Merchandising made the following purchases: {ll june E. 26 units @ $132 per unit. [2] June 15. 23 units {E11 $135 per unit. {3ljune 25. 32 units (:3: $14!] per unit. Duringjune the Company sold the following units at a sales price of $233 per unit: June 3. 13 units, June 2'3. 24 units. June 29. 3D units. Operating expenses injune were $3.2m. The Company estimates its income taxes expense will be approximately 35% of income before taxes. Using the FIFO inventory methodr determine the inventory dollar amount on june 3:]. ii\" a. $5.15 r" l}. $3,64 r\" E. $3.? r' :1. $3,595 r\" e. $333243