A company just starting business made the following four inventory purchases in June: {June 1st:...
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A company just starting business made the following four inventory purchases in June: {June 1st: 150 units for $780} {June 10th: 200 units for $1,170}{June 15th: 200 units for $1,260}{June 28th: 150 units for $990}. The total of all of these purchases is $4,200. 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
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