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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 $598 June 15
A company just starting business made the following four inventory purchases in June
June 1 150 units $390
June 10 200 units $598
June 15 200 units $630
June 28 150 units $510
Total $ 2,128
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?
Using the FIFO inventory method, the value of the ending inventory on June 30 is?
Using the average cost method whats the amount allocated to the ending inventory on June 30?
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