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A company just starting business made the following four inventory purchases in June: units $/unit $ total Jun 01 150 $ 390.00 2.600 Jun 10
A company just starting business made the following four inventory purchases in June: units $/unit $ total Jun 01 150 $ 390.00 2.600 Jun 10 200 2.925 585.00 Jun 15 200 3.150 630.00 Jun 28 150 3.300 495.00 700 $ 2,100.00 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 $536.25 $652.50 $1,447 $1,564
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