Business, 26.02.2020 20:01, SushiMagic
Echo Sound Company just began business and made the following four inventory purchases in June:
June 1 150 units at $5.20= $ 780
June 10 200 units at $5.85=1,170
June 15 200 units at $6.30= 1,260
June 28 150 units at $6.60 = 990
A physical count of merchandise inventory on June 30 reveals that there are 250 units on hand. The inventory method which results in the highest gross profit for June is
A. the FIFO method.
B. The weighted average unit cost Method
C. The LIFO method
D. Nor determinable
Answers: 2
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Echo Sound Company just began business and made the following four inventory purchases in June:
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