Question: 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?

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