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Pharoah Company has the following inventory data: July 1 Beginning inventory 50 units at $25 7 Purchases 174 units at $26 22 Purchases 25 units
Pharoah Company has the following inventory data: July 1 Beginning inventory 50 units at $25 7 Purchases 174 units at $26 22 Purchases 25 units at $27 $1250 4524 675 $6449 A physical count of merchandise inventory on July 30 reveals that there are 62 units on hard. Using the FIFO inventory method, the amount allocated to cost of goods sold for July is O $4887 $4775 O $4812 O $4688
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