What the value of the ending inventory on june is

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Pina Colada Corp. just began business and made the following four inventory purchases in June:

June 1         71 units $1026

June 10      228 units 1596

June 15       228 units 1824

June 28        171 units 1539

                                  $5985

Problem 1: A physical count of merchandise inventory on June 30 reveals that there are 228 units on hand. Using the LIFO inventory method, the value of the ending inventory on June 30 is

$1425

$1368

Reference no: EM132894265

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