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Question(s) / Instruction(s):

Alpha First Company just began business and made the following four inventory purchases in June: June 1 150 units $ 780 June 10 200 units 1,170 June 15 200 units 1,260 June 28 150 units 990 $4,200 A physical count of merchandise inventory on June 30 reveals that there are 200 units on hand. Using the FIFO inventory method, the value of the cost of goods sold on June 30 is A) $1,040.00 B) $1,072.50 C) $1,305.00 D) $1,320.00 E) None of the above is a correct answer.

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