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Bramble Corp has the following inventory data: 7/1 Beginning inventory: 29 units at $19 $551 7/7 Purchases 103 units at $20 $2060 7/22 Purchases 15
Bramble Corp has the following inventory data:
7/1 Beginning inventory: 29 units at $19 $551
7/7 Purchases 103 units at $20 $2060
7/22 Purchases 15 units at $22 $330
A physical count of merchandise inventory on July 30 reveals that there are 47 units on hand. Using the LIFO inventory method, the amount allocated to ending inventory for July is?Step by Step Solution
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