12. Radical Radials Company has the following inventory data: July 1 Beginning inventory 30 units at $19 105 units at $20 15 units at $22 s 570 2,100 7 Purchases 22 Purchases $3,000 A physical count of merchandise inventory on July 30 reveals that there are 48 units on hand. Using the LIFO inventory method, the amount allocated to ending inventory for July is A) S930 B) S912 C) $960 D) $1,056. 13. Orange-Aide Company has the following inventory data: July 1 Beginning inventory 40 units at $20 800 7 Purchases 22 Purchases 140 units at $21 20 units at $22 2,940 440 $4,180 A physical count of merchandise inventory on July 30 reveals that there are 50 units on hand. Using the average cost method, the value of ending inventory is A) $1,070 B) $1,045 C) $1,050 D) $1,100 14. Serene Stereos has the following inventory data: 30 units@ S6.00 each 120 units $6.45 each 60 units @ $6.30 each 90 units @ S6.60 each Nov.1 Inventory 8 Purchase 17 Purchase 25 Purchase A physical count of merchandise inventory on November 30 reveals that there are 100 units on hand. Cost of goods sold under FIFO is A) $657 B) $1,269 C) $632 D) $1,295 Page 4