12. A company just starting business made the following four inventory purchases in June. Date June 1 June 10 June 15 June 28 Number of units purchased 370 units 420 units 420 units 370 units Total cost $610 805 850 730 $2995 A physical count of merchandise inventory on June 30 reveals that there are 470 units on hand. Using the LIFO inventory method, the value of the ending inventory on June 30 is

A company just starting business made the following four inventory purchases in June. A physical count of merchandise inventory on June 30 reveals that there are 470 units on hand. Using the LIFO inventory method, the value of the ending inventory on June 30 is