Tamarisk, Inc. just began business and made the following four inventory purchases in June: June 1 156 units $1080 June 10 208 units 1620 June 15 208 units 1750 June 28 156 units 1370 $5820 A physical count of merchandise inventory on June 30 reveals that there are 220 units on hand. Using the FIFO inventory method, the amount allocated to ending inventory for June is $1370. $1523. $1618. $1908.
Tamarisk, Inc. just began business and made the following four inventory purchases in June:
June 1
156 units
$1080
June 10
208 units
1620
June 15
208 units
1750
June 28
156 units
1370
$5820
A physical count of merchandise inventory on June 30 reveals that there are 220 units on hand. Using the FIFO inventory method, the amount allocated to ending inventory for June is
$1370.
$1523.
$1618.
$1908.
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