Pharoah company just began business and made the following four inventory purchases in june: june 1 186 units $1290 june 10 248 units 1930 june 15 248 units 2080 june 28 186 units 1640 $6940 a physical count of merchandise inventory on june 30 reveals that there are 260 units on hand. using the fifo inventory method, the amount allocated to ending inventory for june is

Christopher kim, cfa, is a banker with batts brothers, an investment banking firm. kim follows the energy industry and has frequent contact with industry executives. kim is contacted by the ceo of a large oil and gas corporation who wants batts brothers to underwrite a secondary offering of the company's stock. the ceo offers kim the opportunity to fly on his private jet to his ranch in texas for an exotic game hunting expedition if kim's firm can complete the underwriting within 90 days. according to cfa institute standards of conduct, kim: a) may accept the offer as long as he discloses the offer to batts brothers. b) may not accept the offer because it is considered lavish entertainment. c) must obtain written consent from batts brothers before accepting the offer.