A company just starting business made the following four inventory purchases in June: June 1 120 units $450 June 10 240

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answerhappygod
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A company just starting business made the following four inventory purchases in June: June 1 120 units $450 June 10 240

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A company just starting business made the following four
inventory purchases in June: June 1 120 units $450 June 10 240
units 600 June 15 240 units 670 June 28 120 units 550 $2270 A
physical count of merchandise inventory on June 30 reveals that
there are 240 units on hand. Using the FIFO inventory method, the
amount allocated to cost of goods sold for June is
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