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Given the following Information, determine the cost of the inventory at June 30 using the LIFO perpetual inventory method. Activities Units Acquired at Cost Units

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Given the following Information, determine the cost of the inventory at June 30 using the LIFO perpetual inventory method. Activities Units Acquired at Cost Units sold at Retail Beginning inventory 15 units @ $35 - $525 June 15 Sale 6 units e $65 June 29 Purchase 8 units @ $40 - $320 Date June 1 The cost of the ending inventory is: Multiple Choice $525 $425 $320 $635 Multiple Choice O $525 O $425 O $320 $635 O $415 O

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