Response to the following problem:
Atom Company just began business and made the following four inventory purchases in June:
June 1 150 units $825
June 10 200 units $1,120
June 15 200 units $1,140
June 28 150 units $885
Total: $3970
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.