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Assume Red Rover began June with 52 units of merchandise inventory, with a cost of $17 per unit. During June, Red Rover purchased and sold

Assume Red Rover began June with 52 units of merchandise inventory, with a cost of $17 per unit. During June, Red Rover purchased and sold goods as follows:

June 8

Purchase

42 units @ $15

14

Sale

60 units @ $40

22

Purchase

28 units @ $25

27

Sale

42 units @ $40

Under the FIFO inventory costing method, how much is Red Rovers cost of goods sold for the sale on June 14?

$510

$2,400

$1,004

$936

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