A physical count of merchandise inventory

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Reference no: EM13283128

A company just starting business made the following four inventory purchases in June:

June 1 150 units for $780

June 10 200 units for $1,170

June 15 200 units for $1,260

June 28 150 units for $990

The total value of the units purchased in June was $4,200.

A physical count of merchandise inventory on June 30 reveals that there are 400 units on hand.

Using the LIFO inventory method, the value of the ENDING INVENTORY on June 30 is

Question options:

$1,657.50.

$1,935.

$2,542.50.

$2,265.

Reference no: EM13283128

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