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A company just starting business made the following four inventory purchases in June. Date Number of units purchased 310 units 360 units 360 units Total

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A company just starting business made the following four inventory purchases in June. Date Number of units purchased 310 units 360 units 360 units Total cost $ 550 June 1 June 10 745 June 15 790 June 28 310 units 670 $2755 A physical count of merchandise inventory on June 30 reveals that there are 410 units on hand. Using the LIFO inventory method, the value of the ending inventory on June 30 is $757. $1506. $889. O $1866

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