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A company just starting business made the following four inventory purchases in June: June 1 June 10 June 15 June 28 150 units 200 units
A company just starting business made the following four inventory purchases in June: June 1 June 10 June 15 June 28 150 units 200 units 200 units 150 units $ 780 1,170 1,260 990 $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 of goods sold for June is: $2,290. $2,580. $2,835. $1,620
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