Given the following information, determine the cost of the inventory at June 30 using the LIFO perpetual inventory method. Jun 1 beginning inventories, 15 units at $20 Jun 15 sale 6 units at $50 Jun 29 purchase 8 units at $25 The cost of the ending inventory is

Given the following information, determine the cost of the inventory at June 30 using the LIFO perpetual inventory method. Jun 1 beginning inventories, 15 units at $20 Jun 15 sale 6 units at $50 Jun 29 purchase 8 units at $25 The cost of the ending inventory is

Given the following information, determine the cost of the inventory at June 30 using the LIFO perpetual inventory method.
Jun 1 beginning inventories, 15 units at $20
Jun 15 sale 6 units at $50
Jun 29 purchase 8 units at $25
The cost of the ending inventory is 




A. $200.
B. $220.
C. $380.
D. $275.
E. $300.


Answer: C