A company just starting business made the following four inventory purchases in June:
|
June 1 |
150 units |
$390 |
|
June 10 |
200 units |
$585 |
|
June 15 |
200 units |
$630 |
|
June 28 |
150 units |
$495 |
|
$2,100 |
A physical count of merchandise inventory on June 30 reveals that there are 200 units on hand. Using the LIFO inventory method, the value of the ending inventory on June 30 is
a. $536.
b. $653.
c. $1,447.
d. $1,564