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ABC Co. had the following inventory transactions for the month of June: = $ 900.00 = $2,093.00 June 1 On hand, 50 units at $18.00
ABC Co. had the following inventory transactions for the month of June: = $ 900.00 = $2,093.00 June 1 On hand, 50 units at $18.00 each June 4 Purchased 115 units at $18.20 each June 5 Sold 100 units June 10 Purchased 75 units at $18.25 each June 24 Sold 40 units = $1,368.75 Total cost of goods available for sale =$4,361.75 The company uses a perpetual inventory system. Refer to ABC Co. If the company uses the FIFO method of inventory costing, what is the cost of goods sold for the month of June? 0 $2,540 $2,538 O $2,550 $2,520
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