A company just starting business made the following four inventory purchases in June: 
A physical count of merchandise inventory on June 30 reveals that there are 100 units on hand. Using the LIFO inventory method, the value of the ending inventory on June 30 is
Definitions:
Inventory
Goods or materials that a business holds for the purpose of resale or production.
Cash
Money in the form of coins or notes, as opposed to checks, credit, or other forms of payment.
Net Working Capital
Net working capital, a key indicator of short-term financial strength, is determined by subtracting a firm's current liabilities from its current assets, impacting its ability to meet short-term obligations.
Earnings Before Interest And Taxes
An indicator of a firm's earnings, specifically excluding the costs associated with interest and income taxes.
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