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Carla Vista First Company just began business and made the following four inventory purchases in June: June 1 177 units $ 1212 June 10 1888
Carla Vista First Company just began business and made the following four inventory purchases in June: June 1 177 units $ 1212 June 10 1888 June 15 236 units 236 units 177 units 1990 June 28 1550 $ 6640 A physical count of merchandise inventory on June 30 reveals that there are 246 units on hand. Using the LIFO inventory method, the value of the ending inventory on June 30 is $2440 $1630 $1764 $2102
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