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Assume Overland.com began June with 16 units of inventory that cost a total of $240. During June, Overland.com purchased and sold goods as follows: Jun.
Assume Overland.com began June with 16 units of inventory that cost a total of $240. During June, Overland.com purchased and sold goods as follows: Jun. 8 Purchase 48 units @ $16 4 Sale 40 units@ $32 22 Purchase 32 units $18 48 units @ $32 27 Sale Under the FIFO inventory costing method and the perpetual inventory system, how much is Overland.com's cost of goods sold for the sale on June 14? O A. $624 O B. $1,280 OC. $640 D. $1,008
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