A company just starting a 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
A physical count of merchandise inventory on June 30 reveals that there are 180 units on hand. Using LIFO inventory method, the value of the ending inventory on June 30 is?
- $1620
- $1403
- $570
- $787
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