Display your skills the FIFO Inventory costing method..... BJ Inc. made the following four inventory purchases in June: June 1 150 units $5.50 June 10 200 units $5.60 June 15 200 units $5.70 June 28 150 units $5.90 Per Unit Cost Total Cost $1.385 $1.475 700 units $1.455 $1.425 $825 1,120 A physical count of merchandise inventory on June 30 reveals that there are 250 units on hand. Therefore, the company sold 450 units during the reporting period. 1,140 Using the FIFO method, the dollar amount of ending inventory on June 30 is: 885 $3,970

Display your skills the FIFO inventory costing method.... BJ Inc. made the following four inventory purchases in June: A physical count of merchandise inventory on June 30 reveals that there are 250 units on hand. Therefore, the company sold 450 units during the reporting period, Using the FIFO mothod, the dollar amount of ending inventery on June 30 is