A company just starting business made the following four inventory purchases in June: ...
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Accounting
A company just starting business made the following four inventory purchases in June:
Date
Number of unitspurchased
Total cost
June 1
110 units
$ 390
June 10
200 units
595
June 15
200 units
640
June 28
130 units
490
$2115
A physical count of merchandise inventory on June 30 reveals that there are 200 units on hand. Using the FIFO inventory method, the amount allocated to cost of goods sold for June is
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