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A company just starting its business made the following four inventory purchases in June: Number of Units Total Cost $896 Jun 10 Date Jun 1

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A company just starting its business made the following four inventory purchases in June: Number of Units Total Cost $896 Jun 10 Date Jun 1 280 Jun 15 Jun 28 330 330 280 1089 1122 980 On June 25, the company made its first sale when a local customer purchased 750 units for $3,500. The company uses a perpetual inventory system Using the FIFO cost formula, the amount of the cost of goods sold for June is $2461 $1626. $3502 O $1576

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