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A company just starting business made the following four inventory purchases in June: June 1 150 units $390 June 10 200 units 585 June 15
A company just starting business made the following four inventory purchases in June: June 1 150 units $390 June 10 200 units 585 June 15 200 units 630 June 28 150 units 495 $2,100 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 ending inventory on June 30 is $1,564. $536. $653. $1,447
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