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Multiple Choice Question 78 Nash's Trading Post, LLC has the following inventory data: July 1Beginning inventory22 units at $14$3087Purchases78 units at $15117022Purchases11 units at $16176$1654

Multiple Choice Question 78

Nash's Trading Post, LLC has the following inventory data:

July 1Beginning inventory22 units at $14$3087Purchases78 units at $15117022Purchases11 units at $16176$1654

A physical count of merchandise inventory on July 30 reveals that there are 36 units on hand. Using the LIFO inventory method, the amount allocated to ending inventory for July is

$540.

$518.

$504.

$576.

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