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Clear Clarinets has the following inventory data: July 1 Beginning inventory Purchases 60 units at $144 360 units at $134 5 14 Sale 240 units
Clear Clarinets has the following inventory data: July 1 Beginning inventory Purchases 60 units at $144 360 units at $134 5 14 Sale 240 units 21 Purchases 180 units at $138 168 units 30 Sale Assuming that a periodic inventory system is used, what is the amount allocated to ending inventory on a FIFO basis? O $26448 $26228 $55392 $55272
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