A company just starting business made the following four inventory purchases in June:
June 1 150 units $ 390
June 10 200 units 585
June 15 200 units 630
June 28 150 units 495
$2,100
A physical count of merchandise inventory on June 30 reveals that there are 300 units on hand.
- Using the LIFO inventory method, the value of the ending inventory on June 30 is:
A) $830.
B) $653.
C) $1,447.
D) $1,564.