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Metlock, Inc. just began business and made the following four inventory purchases in June: June 1 130 units $897 June 10 180 units 1368 June
Metlock, Inc. just began business and made the following four inventory purchases in June:
June 1 | 130 units | $897 | ||
June 10 | 180 units | 1368 | ||
June 15 | 180 units | 1476 | ||
June 28 | 130 units | 1118 | ||
$4859 |
A physical count of merchandise inventory on June 30 reveals that there are 190 units on hand. Using the LIFO inventory method, the value of the ending inventory (rounded to whole dollar) on June 30 is
A | $1634. |
B | $1311. |
C | $1610. |
D | $1353. |
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