Business, 08.04.2020 03:26 isaiahmyers3410

Wildhorse Co. just began business and made the following four inventory purchases in June:
June 1 200 units $1300
June 10 250 units 1875
June 15 250 units 2025
June 28 200 units 1700
$6900

A physical count of merchandise inventory on June 30 reveals that there are 250 units on hand. Using the LIFO inventory method, the value of the ending inventory (rounded to whole dollar) on June 30 is

a.$1,350.
b.$1,620.
c.$2,580.
d.$2,850.

Answers: 3

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Wildhorse Co. just began business and made the following four inventory purchases in June:
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