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What is ending inventory on June

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Reference no: EM132744005

Question - Upland Co.'s inventory records showed the following data accounted for in a perpetual inventory system.

Date Units Unit Cost

June 1 Inventory 1,600 $8.00

June 3 Purchases 3,200 8.40

June 7 Sales (at $16 per unit) 2,240

June 20 Purchases 2,176 9.00

June 22 Sales (at $16 per unit) 3,520

Required - What is (a) ending inventory on June 30, and (b) cost of goods sold for June, using the FIFO inventory method?

Reference no: EM132744005

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