Solution-Compute the amount allocated to cost of goods sold

Compute the amount allocated to cost of goods sold for june

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Reference no: EM133087704

Question - A company just starting business made the following four inventory purchases in June:

June 1	150 units	$400
June 10	160 units	590
June 15	160 units	690
June 28	190 units	500
		$2180

A physical count of merchandise inventory on June 30 reveals that there are 230 units on hand. Using the FIFO inventory method, compute the amount allocated to cost of goods sold for June?

Reference no: EM133087704

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Compute the amount allocated to cost of goods sold for june

Reference no: EM133087704

Reference no: EM133087704

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