A company just starting business made the following four inventory

purchases in June:

June1150 units$780

June 10200 units1,170

June 15200 units1,260

June 28150 units990

$4,200

A physical count of merchandise inventory on June 30 reveals that

there are 250 units on hand. The company uses a periodic inventory system.

Using the FIFO inventory method, the amount allocated to cost ofgoods sold for June is:

Question 54 options:

$2,290.

$2,835.

$1,620.

$2,580.