A company just starting business made the following four inventory purchases in June: June 1 110 units $380 June 10 210

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answerhappygod
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A company just starting business made the following four inventory purchases in June: June 1 110 units $380 June 10 210

Post by answerhappygod »

A company just starting business made the following four
inventory purchases in June:
June 1
110 units
$380
June 10
210 units
570
June 15
210 units
680
June 28
140 units
560
$2190
A physical count of merchandise inventory on June 30 reveals that
there are 180 units on hand. Using the LIFO inventory
method, the value of the ending inventory on June 30 is
$1620.
$1403.
$787.
$570.
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