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Suppose that Wildhorse Depot Inc. has the following inventory data: July 1 Beginning inventory 66 units at $19 $1254 7 Purchases 231 units at $20
Suppose that Wildhorse Depot Inc. has the following inventory data: July 1 Beginning inventory 66 units at $19 $1254 7 Purchases 231 units at $20 4620 22 Purchases 33 units at $22 726 $6600 The company uses a periodic inventory system. A physical count of merchandise inventory on July 31 reveals that there are 110 units on hand. Using the FIFO inventory method, the amount allocated to ending inventory for July is O $2200. O $2420. O $2134. O $2266
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