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ABC Company, in its first month of operations made the following inventory purchases. A physical count of inventory on 6/30 revealed that there are
ABC Company, in its first month of operations made the following inventory purchases. A physical count of inventory on 6/30 revealed that there are 250 units on hand. Using the LIFO inventory method, the value of the ending inventory on 6/30 is 6/1 150 units x 5.20-$780 6/10 200 units x 5.85 1.170 6/15 200 units x 6.30 1,260 6/28 150 units x 6.60-990 700 4,200 a) $1.365 b) $1.500. c) $1,620. d) $1.650.
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