Multiple Choice Question 58 A company just starting business made the following four inventory purchases in June: Number of Units Date Purchased Total Cost June 1 190 units $ 410 June 10 200 units 580 June 15 200 units 650 June 28 200 units 510 $2150 A physical count of merchandise inventory on June 30 reveals that there are 270 units on hand. Using the FIFO inventory method, the amount allocated to cost of goods sold for June is $1413. O $613. O $738. O $2162. Click if you would like to Show Work for this question: Open Show WorkMultiple Choice Question 57 A company just starting business made the following four inventory purchases in June: Number of units Date purchased Total cost June 1 110 units $ 450 June 10 180 units 585 June 15 180 units 670 June 28 150 units 480 $2185 A physical count of merchandise inventory on June 30 reveals that there are 270 units on hand. Using the LIFO inventory method, the value of the ending inventory on June 30 is O $1076. O $970. O $1109. O $730. Click if you would like to Show Work for this question: Open Show WorkMultiple Choice Question 153 Roseanne Company's inventory records show the following data: Units Unit Cost Inventory, January 1 10,000 $9.00 Purchases: June 18 9,000 8.20 November 8 6,000 7.25 A physical inventory on December 31 shows 5,000 units on hand. Under the FIFO method, the December 31 inventory is O $36,250. O $41,000. O $40,725. O $45,000. Click if you would like to Show Work for this question: Open Show Work