Question: Help please will thumbs up! Multiple Choice Question 91 Sheridan Industries has the following inventory information July 1 Beginning Inventory 45 units at $120 5

Help please will thumbs up! Help please will thumbs up! Multiple Choice Question 91 Sheridan Industries

Multiple Choice Question 91 Sheridan Industries has the following inventory information July 1 Beginning Inventory 45 units at $120 5 Purchases 14 Sale 21 Purchases 30 Sale 240 units at $115 180 units 120 units at $110 120 units Assuming that a periodic inventory system is used, what is the amount allocated to ending inventory on a LIFO basis? $34760 $34740 12300 $11550

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