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Swifty Corporation has the following inventory data: July 1 Beginning inventory 30 units at $15 $450 7 Purchases 106 units at $16 1696 22 Purchases
Swifty Corporation has the following inventory data: July 1 Beginning inventory 30 units at $15 $450 7 Purchases 106 units at $16 1696 22 Purchases 15 units at $17 255 $2401 A physical count of merchandise inventory on July 30 reveals that there are 38 units on hand. Using the LIFO inventory method, the amount allocated to cost of goods sold for July is
$1755.
$1778.
$1823.
$1702.
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