Use the following information for questions
A company just starting its business made the following four inventory purchases in June:
On June 25, the company made its first sale when a local customer purchased 500 units for $3,500.The company uses a perpetual inventory system.
-Using the FIFO cost formula, the amount of the cost of goods sold for June is
A)$645.
B)$695.
C)$1,650.
D)$1,700.

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Use the following information for questions 
A company just starting its business made the following four inventory purchases in June:
  On June 25, the company made its first sale when a local customer purchased 500 units for $3,500.The company uses a perpetual inventory system.
-Using the FIFO cost formula, the amount of the cost of goods sold for June is
A)$645. 
B)$695. 
C)$1,650. 
D)$1,700.

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The Answer of Use the following information for questions 
A company just starting its business made the following four inventory purchases in June:
  On June 25, the company made its first sale when a local customer purchased 500 units for $3,500.The company uses a perpetual inventory system.
-Using the FIFO cost formula, the amount of the cost of goods sold for June is
A)$645. 
B)$695. 
C)$1,650. 
D)$1,700.

Use the Following Information for Questions