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Using the periodic FIFO inventory method, the amount allocated to cost of goods sold for June is? Date Units unit cost 1-Jun 150 6600 10-Jun
- Using the periodic FIFO inventory method, the amount allocated to cost of goods sold for June is?
| Date | Units | unit cost |
| 1-Jun | 150 | 6600 |
| 10-Jun | 200 | 6300 |
| 15-Jun | 200 | 5850 |
| 28-Jun | 150 | 780 |
A physical count of merchandise inventory on June 30 reveals that there are 250 units on hand.
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Cost Estimating
Authors: Rodney D. Stewart
2nd Edition
0471857076, 978-0471857075
