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A company just starting the business made the following four inventory purchases in June: (a) June 1st, 150 units for a total cost of 750
A company just starting the business made the following four inventory purchases in June: (a) June 1st, 150 units for a total cost of 750 $; (b) June 10th, 200 units for a total cost of 1.200 $; (c) June 15th, 200 units for a total cost of 1.260 $; (d) June 28th, 150 units for a total cost of 990 $. A physical count on inventory on June 30th reveals that there are 300 units on hand.What would be the cost of goods sold had the company employed FIFO method on June 30th is ?
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