Question: Hello! could you please explain to me how come this solution? Thank you Exercise - solution Baker Bakery Company just began business and made the

Hello! could you please explain to me how come this solution? Thank you

Exercise - solution Baker Bakery Company just began business and made the following four inventory purchases in J . June 1150 units $ 1,040 . June 10200 units 1,560 . June 15200 units 1,680 . June 28150 units 1,320 $5.600 A physical count of merchandise inventory on June 30 reveals that there are 210 units on hand. FIFO inventory method, the amount allocated to ending inventory for June is . a. $1.456 . b. $1,508 . c. $1.824 . d. $1,848 Solution: $1,320 + [($1,680 - 200) x (210 - 150)] = $1,824

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