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Coronado Industries has the following inventory Information. July 1 5 14 21 30 Beginning Inventory Purchases Sale Purchases Sale 40 units at $120 220 units

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Coronado Industries has the following inventory Information. July 1 5 14 21 30 Beginning Inventory Purchases Sale Purchases Sale 40 units at $120 220 units at $110 160 units 130 units at $115 120 units Assuming that a periodic inventory system is used, what is the amount allocated to ending inventory on a FIFO basis? $34940 $12500 $34960 $12650

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