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Oriole Inc. just began business and made the following four inventory purchases in June: ...

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Accounting

Oriole Inc. just began business and made the following four inventory purchases in June:

June 1 136 units

$ 912
June 10 176 units 1408
June 15 176 units 1496
June 28 136 units 1160

$ 4976

A physical count of merchandise inventory on June 30 reveals that there are 186 units on hand. Using the FIFO inventory method, the amount allocated to ending inventory for June is

$ 1312.

$ 1585.

$ 1085.

$ 1483.

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