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Atom Company just began business and made the following four inventory purchases in June: June   1150 units $990June   10

/in /by

Atom Company just began business and made the following four inventory purchases in June: June   1150 units

$990June   10

200 units

1344June   15

200 units

1368June   28

150 units

1062

$4764

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)$1320.

b)$1416.

c)$1404.

d)$1326.

 
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