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Bonita Industries has the following inventory information. July 1 Beginning Inventory 50 units at $120 5 Purchases 230 units at $112 14 Sale 140

Bonita Industries has the following inventory information. July 1 Beginning Inventory 50 units at $120 5 Purchases 230 units at $112 14 Sale 140 units 21 Purchases 110 units at $115 30 Sale 130 units Assuming that a periodic inventory system is used, what is the amount allocated to ending inventory on a LIFO basis? $13840 $47480 $13800 $47750

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