A company uses a periodic inventory system. On June 1, there are 150 units on hand, with each unit costing $10. During June, the company made the following two inventory purchases: # of Unit Total units Cost costs June 200 $9 $1,800 10 June 15 250 $8 $2,000 A physical count of merchandise inventory on June 30 reveals that there are 320 units on hand. 19, Using the LIFO inventory method, the value of the ending inventory on June 30 is 8. $2,970 b. $2,070 8. $3,030 d. $ 2,630 20, 9. $2,070 Using the FIFO inventory method, the amount allocated to cost of goods sold for June is b. $ 2,630 8. $3,030 d. $ 2,670