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Marigold has the following inventory information. July 1 Beginning Inventory 15 units at $19 $285 7 Purchases 75 units at $18 1350 22 Purchases
Marigold has the following inventory information. July 1 Beginning Inventory 15 units at $19 $285 7 Purchases 75 units at $18 1350 22 Purchases 5 units at $19 95 $1730 A physical count of merchandise inventory on July 31 reveals that there are 35 units on hand. Using the LIFO inventory method, the amount allocated to cost of goods sold for July is O $1051. O $1120. O $1085. O $1032.
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