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Given the following information, determine the cost of the inventory at June 30 using the LIFO perpetual inventory method June 1 June 15 June 29

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Given the following information, determine the cost of the inventory at June 30 using the LIFO perpetual inventory method June 1 June 15 June 29 Beginning inventory Sale of 12 units for $50 each Purchase 20 units at $20 each 12 units at $25 each The cost of the ending inventory is: Multiple Choice $460 $400 $300 the ending inventory is: Multiple Choice O $460 $400 O $300 O $240 $500

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