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Acompany just starting business made the following four inventory purchases in July: July 1 150 units $ 780 July 10 200 units 1,170 July 15
Acompany just starting business made the following four inventory purchases in July: July 1 150 units $ 780 July 10 200 units 1,170 July 15 200 units 1,260 July 28 150 units_990 54200 The business uses a periodic inventory system and a physical count of inventory on July 31 reveals that there are 250 units on hand. Using the LIFO inventory method, the value of ending inventory on July 31 is O a $1,365 Ob $2,035 Oc. $2,580 Od 51.620
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