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White Company just began business and made the following four inventory purchases in July: Units Unit Total Purchased Cost Cost July 1 150 units $5.20
White Company just began business and made the following four inventory purchases in July: Units Unit Total Purchased Cost Cost July 1 150 units $5.20 $ 780 July 10 200 units $5.85 1,170 July 15 200 units $6.30 1,260 July 28 150 units $6.60 990 $4,200 White uses the periodic inventory system. A physical count of inventory on July 31 reveals that there are 200 units on hand. Using the LIFO inventory method, the value of the ending inventory on July 31 is: $1.072.50 VON $1.320.00 $1,305.00 $1.040,00 $1.170.00
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