Assume that Crane Company has the following inventory data: July 1 Beginning inventory 29 units at $19 $551 103 units at $20 15 units at $22 7 22 Purchases Purchases 2060 $893. $911. $1034. $940. 330 $2941 The company uses a periodic inventory system. A physical count of merchandise inventory on July 31 reveals that there are 47 units on hand. Using the LIFO inventory method, the amount allocated to ending inventory for July is M

Assume that Crane Company has the following inventory data: The company uses a periodic inventory system. A physical count of merchandise inventory on July 31 reveals that there are 47 units on hand, Using the LIFO inventory method, the amount allocated to ending inventory for July is $893.$911.$1034.$940