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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 510

$2,115

A physical count of merchandise inventory on June 30 reveals that there are 250 units on hand. (If necessary, round up to the nearest dollar.)

Using the LIFO method, the amount allocated to the ending inventory on June 30 is

  • A. $825.
  • B. $755.
  • C. $683.
  • D. $1,360.

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