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A company just starting business made the following four inventory purchases in June: {June 1 150 units $ 825} {June 10 200 units 1,120} {June
A company just starting business made the following four inventory purchases in June: {June 1 150 units $ 825} {June 10 200 units 1,120} {June 15 200 units 1,140} {June 28 150 units 885 $3,970}. A physical count of merchandise inventory on June 30 reveals that there are 250 units on hand. Using the LIFO inventory method, the value of the ending inventory on June 30 is: *Answer (check the box to indicate the correct response) A. $1,385. B. $1,425. C. $1,455. D. $1,475
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