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Vaughn has the following inventory information. July 1 Beginning Inventory 20 units at $19 $380 7 Purchases 70 units at $20 1400 22 Purchases 15
Vaughn has the following inventory information. July 1 Beginning Inventory 20 units at $19 $380 7 Purchases 70 units at $20 1400 22 Purchases 15 units at $25 375 . total $2155 A physical count of merchandise inventory on July 31 reveals that there are 40 units on hand. Using the LIFO inventory method, the amount allocated to cost of goods sold for July is
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