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Suppose that Carla Vista Trading Post has the following inventory data: July 1 Beginning inventory 36 units at $18 $648 7 Purchases 126 units at
Suppose that Carla Vista Trading Post has the following inventory data: July 1 Beginning inventory 36 units at $18 $648 7 Purchases 126 units at $19 2394 22 Purchases 18 units at $20 360 $3402 The company uses a periodic inventory system. A physical count of merchandise inventory on July 31 reveals that there are 45 units on hand. Using the LIFO inventory method, the amount allocated to cost of goods sold for July is?
$2529. $2439. $2502. $2583
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