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A company just starting business made the following four inventory purchases in June. Number of units purchased Date Total cost June 1 150 units $
A company just starting business made the following four inventory purchases in June. Number of units purchased Date Total cost June 1 150 units $ 390 June 10 250 units 725 June 15 250 units 800 June 28 170 units 578 $2493 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 O $1819. O $477. O $674. O $1226
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