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Blue Spruce Corp. just began business and made the following four inventory purchases in June: June 1 180 units $1080 June 10 240 units 1680
Blue Spruce Corp. just began business and made the following four inventory purchases in June:
| June 1 | 180 units | $1080 | ||
| June 10 | 240 units | 1680 | ||
| June 15 | 240 units | 1920 | ||
| June 28 | 180 units | 1620 | ||
| $6300 |
A physical count of merchandise inventory on June 30 reveals that there are 240 units on hand. Using the LIFO inventory method, the value of the ending inventory on June 30 is
|
| $2160. |
|
| $2100. |
|
| $1441. |
|
| $1500. |
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