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Kingbird, Inc. has the following inventory data: July 1 7 $2280 8400 120 units at $19 420 units at $20 60 units at $22 Beginning
Kingbird, Inc. has the following inventory data: July 1 7 $2280 8400 120 units at $19 420 units at $20 60 units at $22 Beginning inventory Purchases Purchases 22 1320 $12000 A physical count of merchandise inventory on July 30 reveals that there are 200 units on hnd. Using the FIFO inventory method, the amount allocated to ending inventory for July is $3880. $4400. $4120 $4000
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