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Atom Company just began business and made the following four inventory purchases in June: June1 150 units $990June10 200 units 1344June15 200 units 1368June28 150
Atom Company just began business and made the following four inventory purchases in June:
June1
150 units
$990June10
200 units
1344June15
200 units
1368June28
150 units
1062
$4764
A physical count of merchandise inventory on June 30 reveals that there are 200 units on hand. Using the LIFO inventory method, the value of the ending inventory on June 30 is
a)$1320.
b)$1416.
c)$1404.
d)$1326.
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