Question: Please explain how to get to that answer. thanks Salem Corp uses a periodic inventory system. During June, 740 units were sold. Use the following

Please explain how to get to that answer. thanks Salem Corp

Please explain how to get to that answer. thanks

Salem Corp uses a periodic inventory system. During June, 740 units were sold. Use the following information to calculate the amount allocated to ending inventory using FIFO during June: Units Unit Cost Total Cost 6/1 Inv. 255 $7 $1,785 6/14 Purch. 370 $8 $2,960 6/25 Purch. 335 $9 $3,015 Total 960 $7,760 $1,980 $5,780 $6,220 x $1,540

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