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Question 3 2 ABC Company had the following inventory transactions in June. June 1 Beginning Inventory June 3 Purchased June 8 Purchased June 1 5

Question 32
ABC Company had the following inventory transactions in June.
June 1
Beginning Inventory
June 3
Purchased
June 8
Purchased
June 15
Purchased
\table[[Units,\table[[Cost Per],[Unit]]],[50,40],[210,42],[80,44],[40,46]]
On June 20, the company sold 275 units for $95 each.
Falculate the following assuming the company uses a FIFO Inventory Cost Method.
Cost of Goods Sold
Ending Inventory
Sales Revenue
Gross Profit
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