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QUESTION 3 A company just starting business made the following four inventory purchases in June: June 1 - 10 June June 15 June 28

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QUESTION 3 A company just starting business made the following four inventory purchases in June: June 1 - 10 June June 15 June 28 150 units 200 units 200 units 150 units $390 585 630 510 $2.115 A physical count of merchandise inventory on June 30 reveals that there are 250 units on hand. The inventory method which results in the highest gross profit for June is the weighted-average unit cost method. the LIFO method. not determinable. the FIFO method.

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