Question: Marigold has the following inventory data: July 1 5 14 21 30 Beginning inventory Purchases Sale Purchases Sale 53 units at $94 234 units

Marigold has the following inventory data: July 1 5 14 21 30 Beginning inventory Purchases Sale Purchases Sale 53 units at $94 234 units at $87 $23426 $12464 $23406 O $12444 156 units 117 units at $90 109 units Assuming that a periodic inventory system is used, what is the amount allocated to ending inventory on a LIFO basis?

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Date Acceptance Dispatch July Quantity Unit fo cost price Quantity Unit cost 53 94 4982 ... View full answer

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