Multiple Choice Question 60 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 110 units 180 units 180 units 160 units Total cost $ 430 600 610 490 $2130 A physical count of merchandise inventory on June 30 reveals that there are 250 units on hand. The inventory method which results in the highest gross profit for June is O the weighted average unit cost method. O not determinable. the FIFO method. O the LIFO method. Question Attempts: 0 of 1 used