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Bonkers Bananas has the following inventory data: Beginning inventory 30 units at $15 104 units at $16 15 units at $16 $450 1664 240 $2354
Bonkers Bananas has the following inventory data: Beginning inventory 30 units at $15 104 units at $16 15 units at $16 $450 1664 240 $2354 July 1 7 Purchases 22 Purchases A physical count of merchandise inventory on July 30 reveals that there are 37 units on hand. Using the LIFO inventory method, the amount allocated to ending inventory for July is $600. $562. $592. $555
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