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What is the value of the ending inventory on june thirty

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Reference no: EM131785536

Problem

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

June     1             150 units         $ 390

June   10             200 units         598

June   15             200 units         630

June   28             150 units         510

 

                                                $2,128

A physical count of merchandise inventory on June 30 reveals that there are 200 units on hand. What is the value of the ending inventory on June 30, using the LIFO inventory method.

Reference no: EM131785536

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