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Please explain step by step. Beginning Inventory on July 1st, 2018 Purchase on July 4th, 2018 Sales on July 9th, 2018 Purchase on July 15th,

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Beginning Inventory on July 1st, 2018 Purchase on July 4th, 2018 Sales on July 9th, 2018 Purchase on July 15th, 2018 Sales on July 19th, 2018 300 units @ $1.00 1,000 units @ $1.10 1,250 units @ $2.00 500 units @ $1.16 450 units @ $2.00 2. Ending Inventory determined using periodic LIFO would be: a. $116 b. $110 c. $108 d. $100

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