Use the following information for questions
A company just starting 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 method, the cost of the ending inventory on June 30 is
Definitions:
Asian Cultures
Asian cultures refer to the customs, traditions, and social behaviors of the people living in Asia, encompassing a diverse range of beliefs and practices.
Kaufman Assessment Battery
A series of standardized tests used to assess the cognitive development and problem-solving abilities of children and adolescents.
Raven Progressive Matrices
A non-verbal group test typically used to measure abstract reasoning and regarded as a non-verbal estimate of fluid intelligence.
Stanford-Binet Scale
A standardized test that measures intelligence and cognitive abilities in individuals, originally developed to identify educational needs in children.
Q5: The collection of a $2,000 account within
Q22: When purchasing a delivery truck, the cost
Q24: Which of the following would not be
Q30: Accumulated Depreciation is a liability account and
Q43: If the market interest rate is 4.5%,
Q63: Debit card and bank credit card transactions
Q80: Which permanent account is affected by the
Q88: The procedure of transferring journal entries to
Q89: An aircraft manufacturer would most likely have
Q105: Accounts receivable are valued and reported on