June 1	Beginning Inventory	10	$3	$30
June 2	Purchase	30	$4	$120
June 10	Purchase	40	$6	$240
June 12	Sale	60	$20	$1,200
June 17	Purchase	70	$7	$490
June 21	Purchase	50	$10	$500
June 29	Sale	80	$22	$1,760

• Assume the company uses the PERIODIC method for inventory.
• Additional Information: The ending inventory consists of 15 units purchased on 6/2, 25 units purchased on 6/10, and the remaining units were purchased on 6/21.

  Question 12 (Mandatory) (3 points)

  What is the dollar value of inventory available for sale during sale during the month of June?

  Question 12 options:

  	$3,380
  	$1,380
  	$1,225
  	$4,340

  Question 13 (Mandatory) (5 points)

  How much total sales revenue was recognized during the month of June?

  Question 13 options:

  	$2,960
  	$1,200
  	$1,760
  	$2,080

  Question 14 (5 points)

  Assume the company uses the Specific Identification Method to value inventory. What will the company report as gross profit for the month of June?

  Question 14 options:

  	$2,150
  	$1,850
  	$1,994
  	$1,990

  Question 15 (5 points)

  Assume the company uses the Average-Cost (Weighted-Average) cost-flow assumption. What will the company report as gross profit for the month of June?

  Question 15 options:

  	$2,150
  	$1,994
  	$1,850
  	$1,990