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Swifty Corporation just began business and made the following four inventory purchases in June: June 1 123 units $738 June 10 164 units 1148 June

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Swifty Corporation just began business and made the following four inventory purchases in June: June 1 123 units $738 June 10 164 units 1148 June 15 164 units 1312 June 28 123 units 1107 $4305 A physical count of merchandise inventory on June 30 reveals that there are 164 units on hand. Using the FIFO inventory method, the amount allocated to ending inventory for June is $1476 $985, $1435 $1025

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