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Bumblebee Corp. just began business and made the following four inventory purchases in June: June 1 147 units $1020 June 10 196 units 1530 June
Bumblebee Corp. just began business and made the following four inventory purchases in June:
June 1 | 147 units | $1020 | ||
June 10 | 196 units | 1530 | ||
June 15 | 196 units | 1650 | ||
June 28 | 147 units | 1290 | ||
$5490 |
A physical count of merchandise inventory on June 30 reveals that there are 210 units on hand. Using the FIFO inventory method, the amount allocated to cost of goods sold for June is
Question 32 options:
| $1,820. |
| $1,457. |
| $1,290. |
| $3,670. |
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