Multiple Choice Question 58 A company just starting business made the following four inventory purchases in June: Date Number of Units Purchased Total Cost June 1 110 units $ 380 June 10 210 units 570 June 15 210 units 680 June 28 140 units 560 $2190 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

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Inktown4life0

08.01.2022

Mathematics

$2 + \frac{1}{6} a=-4 \\ \\ 2 + \frac{a}{6} = -4 \\ \\ \frac{a}{6} = -4 - 2 \\ \\ \frac{a}{6} = -6 \\ \\ a = -6 \times 6 \\ \\ a = -36 \\ \\ \fbox {a = -36}$

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