Bonita Industries has the following inventory information. July 1 Beginning Inventory 45 units at $120 5 Purchases 230 units at $113 14 Sale 170 units 21 Purchases 140 units at $120 30 Sale 140 units Assuming that a periodic inventory system is used, what is the amount allocated to ending inventory on a FIFO basis?

Bonita Industries has the following inventory information. July Beginning Inventory 45 units at $120 5 Purchases 230 units at $113 14 Sale 170 units 21 Purchases 140 units at $120 30 Sale 140 units Assuming that a periodic inventory system is used, what is the amount allocated to ending inventory on a FIFO basis? $34640 $34620 $12180 $12600