A company just starting business made the following four inventory purchases in June: June 1 June 10 June 15 June 28 100 units O $1120. O $870. O $1260. O $730. 150 units 150 units 100 units $350 570 600 470 $1990 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

Algebra: Structure And Method, Book 1
(REV)00th Edition
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Chapter7: Applying Fractions
Section7.5: Percents
Problem 37WE
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A company just starting business made the following four inventory purchases in June:
June 1
June 10
June 15
June 28
100 units
150 units
150 units
100 units
O $1120.
O $870.
O $1260.
O $730.
$350
570
600
470
$1990
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
Transcribed Image Text:A company just starting business made the following four inventory purchases in June: June 1 June 10 June 15 June 28 100 units 150 units 150 units 100 units O $1120. O $870. O $1260. O $730. $350 570 600 470 $1990 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
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