A Company Just Starting Business Made the Following Four Inventory

question 122

Multiple Choice

A company just starting business made the following four inventory purchases in June: $\begin{array}{lrlr}\text { June } 1 & 150 \text { units } & \$ 390 \\\text { June } 10 & 200 \text { units } & 585 \\\text { June } 15 & 200 \text { units } & 630 \\\text { June } 28 & 150 \text { units } & 510\\&&\$2,115\end{array}$ A physical count of merchandise inventory on June 30 reveals that there are 250 units on hand. Using the LIFO inventory method, the value of the ending inventory on June 30 is

• A) $683.
• B) $825.
• C) $1,290.
• D) $1,432.

---

Definitions:

Focal-Point Review

A focal-point review is a performance appraisal strategy focusing on key achievements and critical areas of improvement for an individual or a team.

Review Interval

The scheduled period or frequency at which performance reviews or evaluations occur within an organization, which can vary from monthly to annually.

Human Resources Audit

A comprehensive evaluation of all policies, systems, and procedures in the human resources department to identify areas of improvement and ensure compliance with laws and best practices.

Legally Defensible

Actions or decisions that can be supported or justified in a court of law.