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Novak Corp. has the following inventory data: July 1 7 Beginning inventory Purchases Purchases 144 units at $19 504 units at $20 72 units at

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Novak Corp. has the following inventory data: July 1 7 Beginning inventory Purchases Purchases 144 units at $19 504 units at $20 72 units at $22 22 $2736 10080 1584 $14400 A physical count of merchandise inventory on July 30 reveals that there are 240 units on hand. Using the FIFO inventory method the amount allocated to ending inventory for July is $4656 $4944 $4800 O $5280. SAW

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