A company just starting business made the following four inventory purchases in June: $ 780 1,170 1,260 990 150 units June 1 June 10 200 units June 15 200 units June 150 units 28 $4,200 A physical count of merchandise inventory on June 30 reveals that there are 200 units on hand. 45. The inventory method which results in the highest gross profit for June is A) the FIFO method B) the LIFO method C) the weighted average unit cost method. D) not determinable 46. Using the LIFO inventory method, the value of the ending inventory on June 30 is A) $1,040.00 B) $1,072.50 C) $1,305.00 D) $1,320.00 47. Using the FIFO inventory method, the amount allocated to ending inventory for June is A) $1,040.00 B) $1,072.50 C) $1,305.00 D) $1,320.00