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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