Redlands ENGLISH (EN) Disciplinary Echo Sound Company just began business and made the following four inventory purchases in June June June 10 June 15 June 28 150 units 200 units 200 units 150 units 1,040 1,560 1,680 1.320 $5 600 on June 30 reveals that there are 210 units on hand. The inventory method which results in the highest gross profit for June is Select one O A. the FIFO method O B. the LIFO method. O C. the average cost method. O D. not determinable Grape Gratuities Company has the following inventory data July 1 Beginning inventory 40 units at $20 140 units at $21 20 units at $22 S 800 2,940 440 $4,180 7 Purchases 22 Purchases A physical count of merchandise inventory on July 30 reveals that there are 50 units on hand. Using the FIFO inventory method, the amount allocated to ending inventory for July is Select one: O A. $1,170 B. $1,010 C. $1,070 OD. $1,100