The Killpack Company sells product N. During a move to a new location, the inventory records for product N were misplaced. The bookkeeper has been able to gather some information from the sales records and gives you the data shown below.
July sales:
57,200 units at $10.00
July purchases:

On July 31, 16,000 units were on hand with a total value of $98,800. Killpack has always used a periodic FIFO inventory costing system. Gross profit on sales for July was $205,875. Reconstruct the beginning inventory (quantity and dollar value) for the month ofJuly.

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Date Quantity Unit Cost $6.50 6.25 July 0,000 12,500 15,000 12 25 6.00 6.20 14,000