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A company just starting business made the following four inventory purchases in June. Date Total cost June 1 Number of units purchased 150 units 150
A company just starting business made the following four inventory purchases in June. Date Total cost June 1 Number of units purchased 150 units 150 units 150 units $360 June 10 570 June 15 610 June 28 150 units 480 $2020 A physical count of merchandise inventory on June 30 reveals that there are 210 units on hand. Using the FIFO inventory method, the amount allocated to cost of goods sold for June is O $1337 O $724. O $1296 O $588
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