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Pharoah has the following inventory data: July 1 Beginning inventory 56 units at $120 5 Purchases 336 units at $112 14 Sale 224 units

Pharoah has the following inventory data: July 1 Beginning inventory 56 units at $120 5 Purchases 336 units at $112 14 Sale 224 units 21 Purchases 168 units at $115 30 Sale 160 units Assuming that a periodic inventory system is used, what is the amount allocated to ending inventory on a LIFO basis? $20160 $43456 $20216 $43512

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