company just starting business made the following four inven

company just starting business made the following four inventory purchases in June June 1 June 10 June 15 June 28 150 units 200 units 200 units 150 units 390 585 630 A physical count of merchandise Inventory on June 30 reveals that there are 200 units on hand Uning the FIFO inventory method, the amount alocated to cost of goods sold for June i $536 O $668 O $1,447 O$1,564

Solution

Cost of goods sold for June = 390+585+(630/200*150)= $1447 Option 3 is correct