A physical count of merchandise inventory on June 30 reveals that there are 270 units on hand. Using the LIFO inventory method, the value of the ending inventory on June 30 is

Multiple Choice Question 57 A company just starting business made the following four inventory purchases in June: Date Number of units purchased Total cost $ 450 June 1 110 units 180 units 180 units June 10 June 15 585 670 June 28 150 units 480 $2185 A physical count of merchandise inventory on June 30 reveals that there are 270 units on hand. Using the LIFO inventory method, the value of the ending inventory on June 30 is O $1109. O $1076. $1719. O $970