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A company just starting business made the following four inventory purchases in June: June 1 140 units $380 June 10 230 units 575 June 15

A company just starting business made the following four inventory purchases in June:

June 1

140 units

$380

June 10

230 units

575

June 15

230 units

630

June 28

170 units

550

$2135

A physical count of merchandise inventory on June 30 reveals that there are 180 units on hand. Using the LIFO inventory method, the value of the ending inventory on June 30 is

$1475.

$660.

$1655.

$480.

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