15. A company just starting business made the following four inventory purchases in June: June1 June 10 June 15 June 28 150 units 200 units 200 units 150 units S 520 780 840 660 S2.800 A physical count of merchandise inventory on June 30 reveals that there are 200 units on hand. Using the average-cost method (Ave Cost), the amount allocated to the Ending Inventory (EI) on June 30 is A) $2,800. B) $2,000. C) $767 D) $800. Use the following to answer questions 16-17: Neighborly Industries has the following inventory information. July1 Beginning Inventory 20 units at $120 5 Purchases 14 Sale 21 Purchases 30 Sale 120 units at $112 80 units 60 units at $115 56 units 16. Assuming that a Periodie Inventory system is used, what is the amount allocated to Ending Inventory (EI) on a FIFO basis? A) $7,328 B) $7,348 C) $15,392 D) $15,412 17. Assuming that a Periodic Inventory system is used, what is the amount allocated to Ending Inventory (EI) on a LIFO basis? A) $7,328 B) $7,348 C) $15,392 D) $15,412