The Atlas Company sells product T. During a move to a new location, the inventory records for product T were misplaced. The bookkeeper has been able to gather some information from the sales records and gives you the data shown below.
July sales:
82,100 units at $9.00
July purchases:

On July 31, 24,000 units were on hand with a total value of $129,500. Atlas has always used a periodic FIFO inventory costing system. Gross profit on sales for July was $358,100. Reconstruct the beginning inventory (quantity and dollar value) for the month ofJuly.

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Date Quantity Unit Cost $4.50 5.25 July5 7.000 7,800 8.100 19,000 12