Pharoah Company just began business and made the following four inventory purchases in June:

June 1		192 units		$1152
June 10		256 units		1792
June 15		256 units		2048
June 28		192 units		1728
				$6720

A physical count of merchandise inventory on June 30 reveals that there are 256 units on hand. Using the LIFO inventory method, the value of the ending inventory on June 30 is

$2304.

$2240.

$1537.

$1600.