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The periodic inventory records of Allen Medical Supply indicate the following for the month of June: June 1 Beginning merchandise inventory 1 5 units @

The periodic inventory records of Allen Medical Supply indicate the following for the month of June:
June 1 Beginning merchandise inventory 15 units @ $32 each
7 Purchase 7 units @ $34 each
18 Purchase 12 units @ $37 each
26 Purchase 10 units @ $40 each
A physical count of merchandise inventory on June 30 reveals that there are 18 units on hand. Using the LIFO inventory method, the amount allocated to ending inventory.

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