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What the amount allocated to cost of goods sold for june is

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

June 1 150 units $ 780

June 10 200 units 1,170

June 15 200 units 1,260

June 28 150 units 990

$4,200

A physical count of merchandise inventory on June 30 reveals that there are 250 units on hand. The company uses a periodic inventory system.

problem 1: Using the FIFO inventory method, the amount allocated to cost of goods sold for June is:

Option 1: $2,290.

Option 2: $2,835.

Option 3: $1,620.

Option 4: $2,580.

Reference no: EM132785303

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