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Darth Maul Company has the following inventory data: July 1 7 Beginning inventory 40 units at $20 $800 Purchases 140 units at $21 2,940
Darth Maul Company has the following inventory data: July 1 7 Beginning inventory 40 units at $20 $800 Purchases 140 units at $21 2,940 14 Sold 100 units 22 Purchases 20 units at $22 440 25 Sold 50 units $4,180 A physical count of merchandise inventory on July 30 reveals that there are 50 units on hand. Using the FIFO inventory method, the amount allocated to ending inventory for July is O $1,100. O $1,070. O $1,170. $1,010
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