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Use the following information from Marvel Company for the month of July. July 1 Beginning inventory 75 units @ $25 each July 3 Purchase 348

Use the following information from Marvel Company for the month of July.

July 1

Beginning inventory

75 units @ $25 each

July 3

Purchase

348 units @ $27 each

July 8

Sale

300 units

July 15

Purchase

257 units @ $28 each

July 23

Sale

275 units

Perpetual: Assume that Marvel uses a perpetual LIFO inventory system. What is the dollar value of its ending inventory?

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