Question: Aqua Corp started operations in June 2026. During its first month, Aqua had the following inventory purchases: Date of Purchase Units Cost per Unit

Aqua Corp started operations in June 2026. During its first month, Aqua had the following inventory

Aqua Corp started operations in June 2026. During its first month, Aqua had the following inventory purchases: Date of Purchase Units Cost per Unit June 6 84 $ 2.00 June 10 $ 3.00 June 20 60 $3.50 During its first month, Aqua sold 90 units of inventory on June 12. Assume Aqua uses a PERPETUAL INVENTORY SYSTEM and the FIFO cost flow assumption. What is the amount Aqua would report for ENDING INVENTORY at the end of June? 55

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