Luke Emm Company just starting business made the following four inventory purchases in June:

June 1 June 10 June 15 June 28 Total

150units 200 units 200 units 150 units

P390 P585 P630 P495 P2,100

A physical count of merchandise inventory on June 30 reveals that there are 200 units on hand.

Q: Using the FIFO inventory method, the amount allocated to cost of goods sold for June is

a. 1,272

b. 653

c. 1,447

d. 1,564