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A Company Just Starting Business Made the Following Four Inventory

Question 31

Multiple Choice

A company just starting business made the following four inventory purchases in June:
A company just starting business made the following four inventory purchases in June: A physical count of inventory on June 30 reveals that there are 250 units on hand. -Using the FIFO inventory method, the amount allocated to cost of sales for June is: A) $1,620. B) $2,290. C) $2,580. D) $2,835. A physical count of inventory on June 30 reveals that there are 250 units on hand.
-Using the FIFO inventory method, the amount allocated to cost of sales for June is:


A) $1,620.
B) $2,290.
C) $2,580.
D) $2,835.

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