A company just starting business made the following four inventory purchases in June: A physical count of merchandise inventory on June 30 reveals that there are 200 units on hand. Using a periodic inventory system and the LIFO inventory method, the cost of the ending inventory, to the nearest doolar, on June 30 is
A) $540.
B) $668.
C) $1,460.
D) $1,588.
Correct Answer:
Verified
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