A Company Just Starting Business Made the Following Four Inventory

Multiple Choice

A company just starting business made the following four inventory purchases in June: $$\begin{array} { r r r r } \text { June } & 1 & 150 \text { units } & ¥ 5,200 \\\text { June } & 10 & 200 \text { units } & 7,800 \\\text { June } & 15 & 200 \text { units } & 8,400 \\\text { June } & 28 & 150 \text { units } &\underline{ 6,600} \\& & & \underline { ¥ 28,000 }\end{array}$$ 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

A) $\quad ¥ 8,700$ .
B) $\quad ¥ 16,960$ .
C) $\quad ¥ 19,300$ .
D) $\quad ¥ 20,850$ .