A company just starting business made the following four inventory purchases in June: Date June 1 June 10 June 15 June 28 Number of Units 180 240 240 180 Total Cost $576 792 816 630 On June 25, the company made its first sale when a local customer purchased 600 units for $4,200. The company uses a perpetual inventory system. Using the FIFO cost method, the amount of the cost of goods sold for June is? Question 19 A company just starting in business purchased three merchandise inventory items at the following prices. March 2, $150; March 7, $160; and March 15, $180. If the company sold two units for $250 each on March 10 and March 20, and used the FIFO cost formula in a perpetual inventory system, the gross profit for March would be?