Skysong, inc. just began business and made the following four inventory purchases in june:
june 1 123 units $850
june 10 164 units 1280
june 15 164 units 1380
june 28 123 units 1080
$4590
a physical count of merchandise inventory (rounded to whole dollar) on june 30 reveals that there are 170 units on hand. the inventory method which results in the highest gross profit for june is

The inventory method which results in the highest gross profit for June is FIFO

Explanation:

MonthUnitsCostU/costLIFOE.INVEN.I.COST

jun-01123         850              7          123             8610

jun-10164         1280      8  47           376936

jun-15164          1380     8          0               01312

jun-28123         1080     9          0               01107

               4590                 170          1237        3355

   FIFOE.INVEN.I.COST

 70                0861

 80               01312

 847           376936

 9123          11070

   170         14833109

answer; /// the above statement is (true); good luck

answerthe above statement is false;