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Multiple Choice Question 58 Your answer is incorrect. Try agein. A company just starting business made the following four inventory purchases in June. Date June
Multiple Choice Question 58 Your answer is incorrect. Try agein. 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 160 units 170 units 170 units 120 units Total cost 350 595 500 570 $2115 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 $840 $1589 O $1064 O $1051 Click if would like to Show Work for this
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