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story Bookmarks Window Help 50pts)- ENT 210 Acc Chapter 5 Flashcards |Quizlet 1

ID: 2335921 • Letter: S

Question

story Bookmarks Window Help 50pts)- ENT 210 Acc Chapter 5 Flashcards |Quizlet 1 hour, 04 minutes, 00 seconds. QUESTION 15 A company just starting business made the following four inventory purchases in June June June June June 10 15 28 150 units @$3.47 200 units@ $3.90 200 units @ $4.20 150 units@ $4.40 s 520. 780. 840. 660, $2,800, 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 $715. $870. $1,930 $2,085 Ciok Save and Suhmit to save and submir. Chek Suve All Ansies to sve af ansens 20

Explanation / Answer

Answer is $ 715 Explanation: The Ending inventory of June30 is: 150 units @ 3.47 520.5 50 Units @ 3.90 195 Ending Inventory of June 30 715.5