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Question 11 (5 points) Troy Company began operations in June 2020. The following are Troy's purchases and sales of inventory for June 2020: Purchases: June
Question 11 (5 points) Troy Company began operations in June 2020. The following are Troy's purchases and sales of inventory for June 2020: Purchases: June 5 Inventory purchased 1.000 units @ $48 June 14 Inventory purchased 800 units @ $70 June 24 Inventory purchased 600 units @ $80 Sales: June 10 Inventory sold 800 units June 19 Inventory sold 700 units A physical inventory count indicated that 900 units were on hand at the end of June. Assume Troy uses a perpetual inventory system and LIFO as its cost flow assumption. Calculate Troy's cost of goods sold for June
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