Baker Bakery Company just began business and made the following four inventory purchases in June: A physical count of merchandise inventory on June 30 reveals that there are 210 units on hand. Using the FIFO inventory method, the amount allocated to ending inventory for June is
A) $1,092
B) $1,131
C) $1,368
D) $1,386

Question

Baker Bakery Company just began business and made the following four inventory purchases in June:  A physical count of merchandise inventory on June 30 reveals that there are 210 units on hand. Using the FIFO inventory method, the amount allocated to ending inventory for June is
A) $1,092 
B) $1,131 
C) $1,368 
D) $1,386

Quizplus · Accepted Answer

The Answer of Baker Bakery Company just began business and made the following four inventory purchases in June:  A physical count of merchandise inventory on June 30 reveals that there are 210 units on hand. Using the FIFO inventory method, the amount allocated to ending inventory for June is
A) $1,092 
B) $1,131 
C) $1,368 
D) $1,386

Baker Bakery Company Just Began Business and Made the Following