accounting 1
Vilesta
Question
LIFO and FIFO inventory method. June 1 150 units at $390, June 10 200 units at $585, June 15 $200 units at $603, June 28 150 units at $510. Inventory on June 30 shows 150 units on hand. Using the LIFO and FIFO method, what would the value of the ending inventory be on June 30. Please show your work.
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