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bonkers bananas has the following inventory Bonkers Bananas has the following inventory data: 40 units at $20 $ 800 Beginning inventory July 1 2,940 140

bonkers bananas has the following inventory
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Bonkers Bananas has the following inventory data: 40 units at $20 $ 800 Beginning inventory July 1 2,940 140 units at $21 Purchases 7 440 20 units at $22 Purchases 22 $4,180 The company uses a periodic inventory system. A physical count of merchandise inventory on July 30 reveals that there are 50 units on hand. Using the periodic LIFO inventory method, the amount allocated to ending inventory for July is Select one: a. $890 b. $1,000. c. $1,100. d. $1,070. e. $1,010

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