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Suppose that Blossom Depot Inc. has the following inventory data: July 1 Beginning inventory 6 units at $19 $114 21 units at $20 3 units
Suppose that Blossom Depot Inc. has the following inventory data: July 1 Beginning inventory 6 units at $19 $114 21 units at $20 3 units at $22 7 22 Purchases Purchases 420 O $206. O $220. O $194. $200. 66 $600 The company uses a periodic inventory system. A physical count of merchandise inventory on July 31 reveals that there are 10 units on hand. Using the FIFO inventory method, the amount allocated to ending inventory for July is
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