Question: Loach Corp. had the following inventory data: Previous question Date Quantity Unit Cost July 1 Beginning inventory 5 $55 July 4 Purchase 10 $54

Loach Corp. had the following inventory data: Previous question Date Quantity Unit

Loach Corp. had the following inventory data: Previous question Date Quantity Unit Cost July 1 Beginning inventory 5 $55 July 4 Purchase 10 $54 July 7 Sale 12 July 11 July 14 Purchase Sale 9 B $59 Assuming FIFO, what is the ending inventory after the July 14 sale? (Round any intermediary calculations to the nearest cent and your final answer to the nearest dollar.) OA $220 OB. $236 C. 504 OD. $218

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