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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

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 300 units on hand.

Using the LIFO inventory method, the value of the ending inventory on June 30 is

A)

$830.

B)

$653.

C)

$1,447.

D)

$1,564.

Using the FIFO inventory method, the amount allocated to cost of goods sold for June is

A)

$653.

B)

$1,272.

C)

$1,447.

D)

$968.

Using the average-cost method, the amount allocated to the ending inventory on June 30 is

A)

$2,100.

B)

$1,500.

C)

$575.

D)

$900.

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