Atom Company just began business and 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 the LIFO inventory method, the value of the ending inventory on June 30 is
A) $1,105.
B) $1,100.
C) $1,170.
D) $1,180.

Question

Atom Company just began business and 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 the LIFO inventory method, the value of the ending inventory on June 30 is
A) $1,105. 
B) $1,100. 
C) $1,170. 
D) $1,180.

Quizplus · Accepted Answer

The Answer of Atom Company just began business and 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 the LIFO inventory method, the value of the ending inventory on June 30 is
A) $1,105. 
B) $1,100. 
C) $1,170. 
D) $1,180.

Atom Company Just Began Business and Made the Following Four