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The Singh Computer Shop Begins Operations on June 1 and Uses

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The Singh Computer Shop begins operations on June 1 and uses a periodic inventory system. During June, the company had the following purchases and sales for its Model 10 Fastback Computer System: The Singh Computer Shop begins operations on June 1 and uses a periodic inventory system. During June, the company had the following purchases and sales for its Model 10 Fastback Computer System:   On June 30 an inventory count showed there were 8 units on hand. -Using the FIFO inventory cost formula, the amount allocated to cost of goods sold for June is A)  $10,000. B)  $10,600. C)  $16,000. D)  $20,800. On June 30 an inventory count showed there were 8 units on hand.
-Using the FIFO inventory cost formula, the amount allocated to cost of goods sold for June is


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