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Current Attempt in Progress A company just starting business made the following four inventory purchases in June. Date June 1 June 10 June 15 June
Current Attempt in Progress A company just starting business made the following four inventory purchases in June. Date June 1 June 10 June 15 June 28 Number of units purchased 100 units 250 units, 250 units 100 units Total cost $450 590 620 510 $2170 A physical count of merchandise inventory on June 30 reveals that there are 300 units on hand. Using the FIFO inventory method, the amount allocated to cost of goods sold for June is $922 $1164. $1006, $1671
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