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Oriole has the following inventory data: July 1 Beginning inventory 45 units at $22 $990 7 Purchases 157 units at $24 3768 22 Purchases 22

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Oriole has the following inventory data: July 1 Beginning inventory 45 units at $22 $990 7 Purchases 157 units at $24 3768 22 Purchases 22 units at $25 550 $5308 A physical count of merchandise inventory on July 30 reveals that there are 56 units on hand. Using the LIFO Inventory method, the amount allocated to ending inventory for July is $1366 O $1400 $1254 $1232

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