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Sunland Industries has the following inventory information July 1 Beginning Inventory 5 Purchases 14 Sale 50 units at $110 220 units at $109 170 units

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Sunland Industries has the following inventory information July 1 Beginning Inventory 5 Purchases 14 Sale 50 units at $110 220 units at $109 170 units 130 units at $115 160 units 21 Purchases 30 Sale Assuming that a periodic inventory system is used, what is the amount allocated to ending inventory on a FIFO basis? O $30120 $30140 @ $7680 O $8050

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