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Sheridan Company has the following inventory data: July 1

Sheridan Company has the following inventory data:

July 1	Beginning inventory	32 units at $15	$480
7	Purchases	85 units at $24	2040
22	Purchases	13 units at $16	208
			$2728

A physical count of merchandise inventory on July 30 reveals that there are 40 units on hand. Using the LIFO inventory method, the amount allocated to ending inventory for July is

$672.$960.$640.$600.

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