June 10 200 units 584 June 15 200 units 632 June 28 150 units 495 $2.100 16. A physical count of merchandise inventory on June 30 reveals there are 200 units on hand. Using the LIFO inventory method, the value of the ending inventory on June 30 is A) $536 B) $653 C) $1,477 D) $1,564 17. A physical count of merchandise inventory on June 30 reveals that there are 200 units on hand. Using the FIFO inventory method, the amount allocated to cost of goods sold for June is: A) $653 B) $1,272 C) $1,447 D) $1,564 Page 48 June 10 200 units 584 June 15 200 units 632 June 28 150 units 495 $2.100 16. A physical count of merchandise inventory on June 30 reveals there are 200 units on hand. Using the LIFO inventory method, the value of the ending inventory on June 30 is A) $536 B) $653 C) $1,477 D) $1,564 17. A physical count of merchandise inventory on June 30 reveals that there are 200 units on hand. Using the FIFO inventory method, the amount allocated to cost of goods sold for June is: A) $653 B) $1,272 C) $1,447 D) $1,564 Page 48