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RSS Sheridan Company just began business and made the following four inventory purchases in June June 1 120 units $840 June 10 170 units 1343

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RSS Sheridan Company just began business and made the following four inventory purchases in June June 1 120 units $840 June 10 170 units 1343 June 15 170 units 1445 June 23 120 units 1063 $4696 A physical count of merchandise inventory on June 30 reveals that there are 100 units on hand. Using the LIFO inventory method, the value of the ending inventory (rounded to whole dollar) on June 30 is Y 1998 $1314 $1575. $1260 51602

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