A company just starting the business made the following four inventory purchases in June: (a) June 1st, 150 units for a total cost of $750 ; (b) June 10th, 200 units for a total cost of $1.200 ; (c) June 15th, 200 units for a total cost of $1.260 ; (d) June 28th, 150 units for a total cost of $990. A physical count on inventory on June 30th reveals that there are 300 units on hand. Using the LIFO method, the value of the ending inventory on June 30th is...
18th Jan 2021
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