ost of goods sold plus operating expenses. 25. Two cat egories of expenses in merchandising companies are a. cost of goods sold and financing expenses. b. operati ng expenses and financing expenses. C. cost of goods sold and operating expenses. d. other expenses and cost of goods sold. 26. Alpha First Gomponu t 2 Gross profit equals the difference between a. net income and opera b. sales revenue and cost of goods sold a. sales revenue and operating expenses. d. sales revenue and cost of goods sold plus operating expenses 25. Two categor es of expenses in merchandising companies are a. cost of goods sold and financing expenses b. operating expenses and financing expenses. c cost of goods sold and operating expenses. d other expenses and cost of goods sold. Firsn Company just began business and made the following four inventory purchases in June: June 1 June 10 June 15 June 28 150 units 200 units 200 units 150 units $ 1,040 1,560 1,680 $5,600 A physical count of merchandise inventory on June 30 reveals that there are 210 units on hand. a. $1,456 b. $1,508 c. $1,848 d. $1,824 Using the LIFO inventory method, the value of the ending inventory on June 30 is Baker Bakery Company just began business and made the following four inventory purchases in June: 27. June June 10 June 15 June 28 150 units 200 units 200 units 150 units $ 1,040 1.560 1,680 A physical count of merchandise inventory on June 30 reveals that there are 210 units on hand. Using the FIFO inventory method, the amount allocated to ending inventory for June is a. $1,456 b. $1,508 c. $1,824 d. $1,848 Charlene Cosmetics Company just began business and made the following four inventory purchases in June: 28. June 1 June 10 June 15 June 28 150 units 200 units 200 units 150 units $ 1,040 1,560 1,680 1320 $5,600 A physical count of merchandise inventory on June 30 reveals that there are 210 units on hand. Using the average cost method, the amount allocated to the ending inventory on