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Need help en Assignment Question 62 Your answer is incorrect. Try again. Moroni Industries has the following inventory information. July 1 Beginning Inventory 40 units

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en Assignment Question 62 Your answer is incorrect. Try again. Moroni Industries has the following inventory information. July 1 Beginning Inventory 40 units at $120 5 Purchases 14 Sale 21 Purchases 30 Sale 240 units at $112 160 units 120 units at $115 140 units Assuming that a periodic inventory system is used, what is the amount allocated to ending inventory on a FIFO basis? O $33960 O $11520 O $33980 O $11500 LINK TO TEXT 0

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