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Skysong, Inc. just began business and made the following four inventory purchases in June: June 1 132 units $792 June 10 June 15 June
Skysong, Inc. just began business and made the following four inventory purchases in June: June 1 132 units $792 June 10 June 15 June 28- 176 units 1232 176 units 1408 132 units 1188 $4620 A physical count of merchandise inventory on June 30 reveals that there are 176 units on hand. Using the FIFO inventory method, the amount allocated to ending inventory for June is $1584 $1100 $1540 $1057.
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