Perpetual: Assume that Marvel uses a perpetual specific identi¬ fication inventory system. Its ending inventory consists of 20 units from beginning inventory, 40 units from the July 3 pur¬ chase, and 45 units from the July 15 purchase. What is the dol¬ lar value of its ending inventory?

a. $2,940

d. $2,852

b. $2,685

e. $2,840

c. $2,625 Use the following information from Marvel Company for the month of July

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Beginning inventory Purchase July July 3 July 8 Sale... July 15 Purchase July 23 Sale 75 units @ $25 each 348 units @ $27 each 300 units 257 units @$28 each 275 units