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The inventory data for an item for June are: June 1 Inventory 175 units at $35 June 5 Sold 65 units June 8 Purchased 200

The inventory data for an item for June are: June 1 Inventory 175 units at $35 June 5 Sold 65 units June 8 Purchased 200 units at $37 June 19 Sold 140 units June 29 Purchased 55 units at $40 Using a perpetual system, what is the cost of the goods sold for June if the company uses FIFO? $7,235 $8,490 $7,455 $8,270

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