The Mars Company began operations on June 1 and made the following inventory purchases in June:...
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The Mars Company began operations on June 1 and made the following inventory purchases in June: June 1 June 10 150 units $ 990 -200 units 2,020 June 15 200 units 1,680 June 28 150 units 1.275 $5,965 A physical count of inventory on June 30 revealed that there are 300 units on hand. Using the LIFO inventory method, what is the value of the ending inventory on June 30? $2.955 $2.610 $2.205 $2.505 The Mars Company began operations on June 1 and made the following inventory purchases in June: June 1 June 10 150 units $ 990 -200 units 2,020 June 15 200 units 1,680 June 28 150 units 1.275 $5,965 A physical count of inventory on June 30 revealed that there are 300 units on hand. Using the LIFO inventory method, what is the value of the ending inventory on June 30? $2.955 $2.610 $2.205 $2.505
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