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A company just starting business made the following four inventory purchases in June: Date Number of Units Purchased Total Cost June 1 200 units $

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

Date Number of Units Purchased Total Cost
June 1 200 units $ 360
June 10 150 units 575
June 15 150 units 630
June 28 130 units 500
$2065

A physical count of merchandise inventory on June 30 reveals that there are 230 units on hand. Using the FIFO inventory method, the amount allocated to cost of goods sold for June is

$743.

$1145.

$920.

$1894.

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