Muscat Co. just starting business made the following four inventory purchases in June:                                                                   Unit               Unit Cost                  Total Cost                         June      1                           150 units             5.2                                                             June    10                           200 units             5.85                                                            June    15                           200 units             6.4                                                                June    28                           150 units             6.6                                                                                                                                                                 A physical count of inventory on June 30 shows that 200 units on hand.    Using the FLFO of inventory, the cost of goods sold on June 30 is:     Select one: a. 2,073 b.3,128 c. 2,810 d. 2,073 e.2,910

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Muscat Co. just starting business made the following four inventory purchases in June:

                                                                  Unit               Unit Cost                  Total Cost

                        June      1                           150 units             5.2                                    

                        June    10                           200 units             5.85                                   

                        June    15                           200 units             6.4                                       

                        June    28                           150 units             6.6                                          

                                                                                                                   

 

A physical count of inventory on June 30 shows that 200 units on hand.

 

 Using the FLFO of inventory, the cost of goods sold on June 30 is:

 


 

Select one:
a. 2,073
b.3,128
c. 2,810
d. 2,073
e.2,910
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