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QUESTION
Atom Company just began business and made the following four inventory purchases in June:
$3,970
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
a) $1,475.
b)$1,455.
c) $1,425.
d) $1,385.
