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.