View Policies Current Attempt in Progress A company just starting business made the following four inventory purchases in June. Number of units Date purchased Total cost June 1 160 units $416 June 10 200 units 580 June 15 June 281 200 units 640 200 units 680 $2316 A physical count of merchandise inventory on June 30 reveals that there are 300 units on hand. Using the FIFO inventory method, the amount allocated to cost of goods sold for June is $1000. O $1316. O $1455. O $706