Greggs Company just began business and made the following four inventory purchases in June: June 1: 150 units $ 1,040 June 10: 200 units 1,560 June 15: 200 units 1,680 June 28: 150 units 1,320 At the end of June, there were 220 units on hand. Assuming the FIFO inventory method, the amount allocated to ending inventory for June is O A. $1,456 B. $1,508 OC. $1,824 OD. $1,908 Closing entries impact the income statement but do not have an impact on the statement of financial position. O True O False