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I NEED ASAP PLEASEEE A company just starting business made the following four inventory purchases in June: DATE NUMBERS OF UNITS PURCHASED TOTAL COST JUN
I NEED ASAP PLEASEEE
A company just starting business made the following four inventory purchases in June:
DATE NUMBERS OF UNITS PURCHASED TOTAL COST |
JUN 1 150 $430
JUN 10 250 580
JUN 15 250 640
JUN 28 150 480
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$2130
A physical count of merchandise inventory on June 30 reveals that there are 340 units on hand. Using the LIFO inventory method, the value of the ending inventory on June 30 is
$1164.
$966.
$839.
$871.
|
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