Alpha First company just began business and made the following four inventory purchases in June: June 1......................150

Question:

Alpha First company just began business and made the following four inventory purchases in June:
June 1......................150 units........................$ 780
June 10.....................200 units........................1,170
June 15.....................200 units........................1,260
June 28.....................150 units...........................990
.......................................................Total of $4,200
A physical count of merchandise inventory on June 30 reveals that there are 200 units on hand. Using the LIFO inventory method, the value of the on June 30 is
a. $1,072.50
b. $1,320.00
c. $1,305.00
d. $1,040.00

Ending Inventory
The ending inventory is the amount of inventory that a business is required to present on its balance sheet. It can be calculated using the ending inventory formula Ending Inventory Formula =...