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A company just starting business made the following four inventory purchases in June: June 1 150 units June 10 200 units June 15 200 units
A company just starting business made the following four inventory purchases in June: June 1 150 units June 10 200 units June 15 200 units June 28 150 units $ 390 598 630 510 $2,128 A physical count of merchandise inventory on June 30 reveals that there are 200 units on hand. Using the FIFO inventory method, the amount allocated to cost of goods sold for June is Select one: O a. $1,460. b. $540. C. $1,588 d. $668
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