Oriole Company began business in June and made the following four inventory purchases: The company uses a periodic inventory system. A physical count of merchandise inventory on June 30 reveals that there are 228 units on hand. Using the FIFO inventory method, the amount allocated to ending inventory for June is $2006$1981$1581$1634 Assume that Pharoah has the following inventory data: The company uses a periodic inventory system. A physical count of merchandise inventory on July 31 reveals that there are 170 units on hand. Using the FIFO inventory method, the amount allocated to cost of goods sold for July is $6698.$10098.$3298.$3502