4. A merchandising company uses a perpetual inventory system and LIFO method. Details regarding the beginning...

 

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4. A merchandising company uses a perpetual inventory system and LIFO method. Details regarding the beginning inventory and purchases of a particular product related to the month of June are as follows: Date June 1 (beginning inventory) June 7 (1st purchase) June 11 (2nd purchase) $2,230.6 $1,303.6 $6.2 86 $6.5 On June 8, the company sells 356 units at a selling price of $10 per unit. What is cost of goods sold for the sale made on June 8?. * (3 Points) $356 234 Osome other amount Units Unit Cost 198 $6.3 4. A merchandising company uses a perpetual inventory system and LIFO method. Details regarding the beginning inventory and purchases of a particular product related to the month of June are as follows: Date June 1 (beginning inventory) June 7 (1st purchase) June 11 (2nd purchase) $2,230.6 $1,303.6 $6.2 86 $6.5 On June 8, the company sells 356 units at a selling price of $10 per unit. What is cost of goods sold for the sale made on June 8?. * (3 Points) $356 234 Osome other amount Units Unit Cost 198 $6.3

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