Alpha First Company Just Began Business and Made the Following

question 162

Multiple Choice

Alpha First Company just began business and made the following four inventory purchases in June: A physical count of merchandise inventory on June 30 reveals that there are 210 units on hand. Using the LIFO inventory method, the value of the ending inventory on June 30 is

• A) $1,092
• B) $1,131
• C) $1,386
• D) $1,368

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