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: $\begin{array}{lll}\text { June } 1 &150 \text { units } & \$390\\\text { June } 10 & 200 \text { units } & 598 \\\text { June } 15 & 200 \text { units } & 630 \\\text { June } 28 & 150 \text { units } & 510 \\&&\$2,128\end{array}$ A physical count of merchandise inventory on June 30 reveals that there are 200 units on hand. Using a periodic inventory system and the FIFO inventory method, the amount allocated to cost of goods sold, to the nearest dollar, for June is

A) $540.
B) $668.
C) $1,460.
D) $1,588.