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Physical count of merchandise inventory

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Reference no: EM132067529

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

June 1 150 units $ 5,200

June 10 200 units 7,800

June 15 200 units 8,400

June 28 150 units 6,600

$28,000

A physical count of merchandise inventory on June 30 reveals that there are 100 units on hand. Using the FIFO inventory method, the amount allocated to cost of goods sold for June is

Reference no: EM132067529

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