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A company just starting business made the following four inventory purchases in June: Date June 1 June 10 June 15 June 28 Number of units

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A company just starting business made the following four inventory purchases in June: Date June 1 June 10 June 15 June 28 Number of units purchased 180 units 240 units 240 units 200 units Total cost $380 600 610 490 $2080 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 $1075 $1005 $811 $955

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