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Robert Corporation provides the following information related to its merchandise inventory during the month of June 2021: lune Inventory on hand-2,000 units; cost $6.00 each.
Robert Corporation provides the following information related to its merchandise inventory during the month of June 2021: lune Inventory on hand-2,000 units; cost $6.00 each. Purchased 10,000 units for $6.30 each. 14 Sold 8,000 units for $14.00 each. 18 Purchased 4,000 units for $7.00 each. 125 Sold 5,000 units for $15.00 each. 28 Purchased 4,000 units for $7.50 each. 30 Inventory on hand-7,000 units Using calculations based on a periodic inventory system, determine the inventory balance Robert would report in its June 30, 2021, balance sheet using last-in, first-out (LIFO): O $43,500. O $51,000. 0 $46,550. O $60,500
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