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

A company just starting business made the following four inventory purchases in June. Date June 1 June 10 June 15 June 28 Number of units purchased Total cost 140 units $364 240 units 696 240 units 768 110 units 374 $2202 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 $625. $1374. O $662. O $1540