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A company just starting business made the following four inventory purchases in June. Number of units Date purchased Total cost June 1 340 units

A company just starting business made the following four inventory purchases in June. Number of units Date purchased Total cost June 1 340 units $580 June 10 390 units 775 June 15 390 units 820 June 28 340 units 700 $2875 A physical count of merchandise inventory on June 30 reveals that there are 440 units on hand. Using the LIFO inventory method, the value of the ending inventory on June 30 is $779. $1528. $910. $1965.

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