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A company just starting business made the following four inventory purchases in June. Date June 1 Number of units purchased 130 units 200 units 200
A company just starting business made the following four inventory purchases in June. Date June 1 Number of units purchased 130 units 200 units 200 units 130 units Total cost $ 380 580 June 10 June 15 640 June 28 490 $2090 A physical count of merchandise inventory on June 30 reveals that there are 310 units on hand. Using the FIFO inventory method, the amount allocated to cost of goods sold for June is $902. $1024. $1066. O $1651
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