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Klump Co. Klump Co. uses a perpetual inventory system and had the following inventory transactions for the month of June. June 1 On hand, 50

Klump Co. Klump Co. uses a perpetual inventory system and had the following inventory transactions for the month of June.

June 1 On hand, 50 units at $18.00 each $ 900.00
4 Purchased 115 units at $18.20 each 2,093.00
5 Sold 100 units
10 Purchased 75 units at $18.25 each 1,368.75
24 Sold 50 units
Total cost of goods available for sale $4,361.75
30 On hand, 90 units

Refer to the information provided for Klump Co. If the company uses the LIFO inventory costing method, ending inventory at June 30th is:

Question 16 options:
$1,823.25
$1,811.75

$1,629.25

$1,806.25

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