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Cheyenne Corp. has the following inventory data: July 1 Beginning inventory 25 units at $17 $425 7 Purchases 92 units at $21 1932 22 Purchases
Cheyenne Corp. has the following inventory data: July 1 Beginning inventory 25 units at $17 $425 7 Purchases 92 units at $21 1932 22 Purchases 13 units at $19 247 $2604 A physical count of merchandise inventory on July 30 reveals that there are 42 units on hand. Using the LIFO inventory method, the amount allocated to ending inventory for July is
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