A company just starting business made the following four inventory purchases in June: June 1 150...
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A company just starting business made the following four inventory purchases in June: June 1 150 units $360 June 10 150 units 570 June 15 150 units 610 June 28 180 units 480 $2020 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 $1418. $1546. $474. $602. A company just starting business made the following four inventory purchases in June: June 1 150 units $360 June 10 150 units 570 June 15 150 units 610 June 28 180 units 480 $2020 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 $1418. $1546. $474. $602.
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