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A company just starting business made the following four inventory purchases in June: June 1 150 units $ 195 June 10 200 units 360 June

A company just starting business made the following four inventory purchases in June:

June

1

150 units

$ 195

June

10

200 units

360

June

15

200 units

600

June

28

150 units

525

$1,680

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

A.

$1,395.

B.

$700.

C.

$905.

D.

$1,005.

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