Question
A company just starting business made the following four inventory purchases in June: Date Number of units purchased Total cost June 1 130 units $
A company just starting business made the following four inventory purchases in June:
| Date | Number of units purchased | Total cost |
| June 1 | 130 units | $ 390 |
| June 10 | 220 units | 580 |
| June 15 | 220 units | 640 |
| June 28 | 110 units | 470 |
| $2080 |
A physical count of merchandise inventory on June 30 reveals that there are 240 units on hand. Using the LIFO inventory method, the value of the ending inventory on June 30 is
|
| $790. |
|
| $680. |
|
| $1290. |
|
| $1068. |
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Hardening By Auditing A Handbook For Measurably And Immediately Iimrpving The Security Management Of Any Organization
Authors: Eugene A. Razzetti
1st Edition
1665562609, 978-1665562607
