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A Company Just Starting Business Made the Following Four Inventory

Question 232

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A company just starting business made the following four inventory purchases in June:  June 1150 units $390 June 10200 units 598 June 15200 units 630 June 28150 units 510$2,128\begin{array} { r r r r } \text { June } & 1 & 150 \text { units } & \$ 390 \\\text { June } & 10 & 200 \text { units } & 598 \\\text { June } & 15 & 200 \text { units } & 630 \\\text { June } &28 & 150 \text { units } & \underline { 510 } \\& & & \underline { \$ 2,128 }\end{array} 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


A) $540.
B) $668.
C) $1460.
D) $1588.

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