View Policies Current Attempt in Progress Cheyenne Corp. just began business and made the following four inventory purchases in June: 180 units June 1 $1242 June 10 230 units 1702 June 15 230 units 1840 June 28 180 units 1512 $6296 A physical count of merchandise inventory on June 30 reveals that there are 240 units on hand. Using the LIFO inventory method, the value of the ending inventory (rounded to whole dollar) on June 30 is $1656. $1992. $1686. O $2016.