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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
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 O $2240. $2304. O $1537. O $1600
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