-Question 57 A company just starting business made the following four inventory purchases in June. Date Number of units purchased Total cost June 1 110 units $ 350 June 10 220 units 600 June 15 220 units 620 June 28 150 units 550 $2120 A physical count of merchandise inventory on June 30 reveals that there are 220 units on hand. Using the LIFO inventory method, the value of the ending inventory on June 30 is