63% (50pts)-ENT 210 Acc 1 hour, 03 minutes, 36 seconds. QUESTION 16 A company ju

Question

63% (50pts)-ENT 210 Acc 1 hour, 03 minutes, 36 seconds. QUESTION 16 A company just starting business made the following four inventory purchases in June 150 units@$3.47 units @$3.90 200 units@$4.20 150 units$4.40 780. 10 15 28 840. A physical count of merchandise inventory on June 30 reveals that there are 200 units on hand. Using the FIFO inventory method, the amount allocated to cost of goods sold for June is $870. $1,696. o $1,930. $2,085. Click Save and Submir to sove and submit Cliek Sarve All Ansuers to save all onswers 00 F

Explanation / Answer

Answer is $ 1930 Explanation: The Cost of Goods sold uder FIFO on June30: 150 units @ 3.47 520 200 Units @ 3.90 780 150 Units @ 4.20 630 Cost of Goods sold 1930

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