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What the amount allocated to cost of goods sold for june is

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The following information was available for Pietee Company at December 31, 2018: beginning inventory $90,000; ending inventory $50,000; cost of goods sold $968,000; and sales $1,360,000. Pietee's days in inventory in 2018 was

A company just starting business made the following four inventory purchases in June:

June 1 150 units $ 390

June 10 200 units 585

June 15 200 units 630

June 28 150 units 510

$2,115

Question 1: A physical count of merchandise inventory on June 30 reveals that there are 250 units on hand. Using the FIFO inventory method, the amount allocated to cost of goods sold for June is

Reference no: EM132493575

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