Skysong, Inc. just began business and made the following four inventory purchases in June: June 1 132 units $792 June 10 176 units 1232 June 15 176 units 1408 June 28 132 units 1188 $1584 $1100 $1540 $4620 A physical count of merchandise inventory on June 30 reveals that there are 176 units on hand. Using the FIFO inventory method., the amount allocated to ending inventory for June is

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Skysong, Inc. just began business and made the following four inventory purchases in June:
June 1
132 units
$792
June 10
1232
June 15
June 28-
176 units
176 units
132 units
1408
$1584
$1100
$1540
$1057.
1188
$4620
A physical count of merchandise inventory on June 30 reveals that there are 176 units on hand. Using the FIFO inventory method, the
amount allocated to ending inventory for June is
Transcribed Image Text:Skysong, Inc. just began business and made the following four inventory purchases in June: June 1 132 units $792 June 10 1232 June 15 June 28- 176 units 176 units 132 units 1408 $1584 $1100 $1540 $1057. 1188 $4620 A physical count of merchandise inventory on June 30 reveals that there are 176 units on hand. Using the FIFO inventory method, the amount allocated to ending inventory for June is
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