A company just starting business made the following four inventory purchases in June. Number of units Date purchased Total cost June 1 160 units $400 June 10 250 units 575 June 15 250 units 620 June 28 160 units 570 $2165 A physical count of merchandise inventory on June 30 reveals that there are 210 units on hand. Using the FIFO inventory method, the amount allocated to cost of goods sold for June is $515. $1471. $1264. $694.