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Metlock, Inc. has the following inventory data: July 1 Beginning inventory 27 units at $17 7 Purchases 95 units at $18 22 Purchases 14 units

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Metlock, Inc. has the following inventory data: July 1 Beginning inventory 27 units at $17 7 Purchases 95 units at $18 22 Purchases 14 units at $20 $459 1710 280 52449 A physical count of merchandise inventory on July 30 reveals that there are 43 units on hand. Using the FIFO inventory method, the amount allocated to ending Inventory for July is $747 $774 $860 $802

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