June 1 Beginning inventory 20 units at $19 $ 380 June 7 Purchases 70 units at $20 1,400 June 22 Purchases 10 units at $23 230 $2,010 A physical count of merchandise inventory on June 30 reveals that there are 30 units on hand. Using the FIFO inventory method, the total COST OF GOODS SOLD for June is Select one: a. $1,407 b. $1,430 c. $1,390 d. $1,380
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