A company just starting business made the following four inventory purchases in June: A physical count of merchandise inventory on June 30 reveals that there are 250 units on hand. 700 units were purchased and available for sale. Using the FIFO inventory method, the amount allocated to cost of goods A company just starting business made the following four inventory purchases in June: A physical count of merchandise inventory on June 30 reveals that there are 250 units on hand. 700 units were purchased and available for sale. Using the FIFO inventory method, the amount allocated to cost of goods