Q14-15-1 in June: 6: A company just starting business made the following four inventory purchases June 1 June 10 June 15 June 28 S 390 $ 585 $630 $495 S2,100 (total cost of purchasing) 50 units 200 units 200 units 150 units A physical count of merchandise inventory on June 30 reveals that Q14: Using the LIFO inventory method, the value of the ending inventory on June 30 is a. $536. b. $653. c. $1,447. d. $1,564. Q15: 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. 016: Using the average-cost method, the amount allocated to the ending inventory on June 30 is a. $2,100. b. $1,500. c. $575. d. $600