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Question 1 4 pts Assume Amazon.com began June with 10 units of inventory that cost $19 each. During June, Amazon purchased and sold goods as
Question 1 4 pts Assume Amazon.com began June with 10 units of inventory that cost $19 each. During June, Amazon purchased and sold goods as follows: June 8 Purchase 30 units at $20 each June 14 Sell 25 units June 22 Purchase 20 units at $22 each June 27 Sell 30 units Assuming FIFO, the cost of merchandise sold for the sale on the 14th is: O $490 O $500 O $790 O $1,000 Question 2 4 pts Assume Amazon.com began June with 10 units of inventory that cost $19 each. During June, Amazon purchased and sold goods as follows: June 8 Purchase 30 units at $20 each June 14 Sell 25 units June 22 Purchase 20 units at $22 each June 27 Sell 30 units Assuming FIFO, the cost of merchandise sold for the sale on the 27th is: $660 O $600 O $630 O none of the above
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