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Alpha First Company just began business and made the following four inventory purchases in June: June 1 150 units $1,040 June 10 200 units 1,560

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Alpha First Company just began business and made the following four inventory purchases in June: June 1 150 units $1,040 June 10 200 units 1,560 June 15 200 units June 28 150 units 1,320 $5,600 1,680 A physical count of merchandise inventory on June 30 reveals that there are 210 units on hand. Using the LIFO inventory method, the value of the ending inventory on June 30 is 1) $1,456 2) $1,508 3) $1,848 4) $1,824

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