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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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