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6 March, 06:45

Bramble Corp. just began business and made the following four inventory purchases in June:

June 1 140 units $938

June 10 190 units 1292

June 15 190 units 1349

June 28 140 units 1050

$4629

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 (rounded to whole dollar) on June 30 is

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  1. 6 March, 10:26
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    the value of the ending inventory (rounded to whole dollar) on June 30 is 1400

    Explanation:

    Month Units Cost Unit Cost Inven. Inven. Cost

    jun-01 140 938 7 140 980

    jun-10 190 1292 7 60 420

    jun-15 190 1349 7 0 0

    jun-28 140 1050 8 0 0

    200 1400
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