(Solution) Alpha First Company just began business and made the following four inventory purchases in June: > Snapessays.com
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(Solution) Alpha First Company just began business and made the following four inventory purchases in June:


Alpha First Company just began business and made the following four inventory purchases in June:

 

 

June 1 150 units $780

 

June 10 200 units 1,170

 

June 15 200 units 1,260

 

June 28 150 units 990

 

$4,200

 

 

A physical count of merchandise inventory on June 30 reveals that there are 250 units on hand. Using the LIFO inventory method, the value of the ending inventory on June 30 is

 

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This question was answered on: Sep 21, 2023

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