Business, 29.06.2021 20:00, alyxkellar06

A company just starting business made the following four inventory purchases in June: June 1 150 units $ 390
June 10 200 units 585
June 15 200 units 630
June 28 150 units 510 $
2,115
A physical count of merchandise inventory on June 30 reveals that there are 250 units on hand. Using the FIFO inventory method, the amount allocated to cost of goods sold for June is:
a. $683.
b. $825.
c. $1,290.
d. $1,432.

Answers: 2

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A company just starting business made the following four inventory purchases in June: June 1 150 un...