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Marigold has the following inventory data: July 1 Beginning inventory 53 units at $94 5 Purchases 234 units at $87 14 Sale 156 units 21
Marigold has the following inventory data: July 1 Beginning inventory 53 units at $94 5 Purchases 234 units at $87 14 Sale 156 units 21 Purchases 117 units at $90 30 Sale 109 units Assuming that a periodic inventory system is used, what is the amount allocated to ending inventory on a LIFO basis? $23426 O $12464 $23406 O $12444
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