Question: Metlock has the following inventory data: July 1 Beginning inventory 36 units at $18 $648 7 Purchases 126 units at $19 2394 22 Purchases 18

Metlock has the following inventory data: July 1 Beginning inventory 36 units at $18 $648 7 Purchases 126 units at $19 2394 22 Purchases 18 units at $20 360 $3402 A physical count of merchandise inventory on July 30 reveals that there are 45 units on hand. Using the LIFO inventory method, the amount allocated to ending inventory for July is

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