Questions 20 through 22 use the following fact pattern: 20. A company just starting business made the following four inventory purchases in June: June 1 150 units $ 390 June 10 200 units 598 June 15 200 units 630 June 28 150 units 510 $2,128 A physical count of merchandise inventory on June 30 reveals that there are 200 units on hand. Using the LIFO inventory method, the value of the ending inventory on June 30 is a. $540. b. $668. c. $1,460. d. $1,588. Using the fact pattern above, a physical count of merchandise inventory on June 30 reveals that there are 200 units on hand. Using the FIFO inventory method, the amount allocated to cost of goods sold for June is a. $540. b. $668. c. $1,460. d. $1,588. Using the fact pattern above, a physical count of merchandise inventory on June 30 reveals that there are 200 units on hand. Using the average-cost method, the amount allocated to the ending inventory on June 30 is a. $540. b. $608. c. $668. d. $1,520