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Vaughn Industries has the following inventory information. July 1 Beginning Inventory 45 units at $130 5 Purchases 230 units at $115 14 Sale 170

Vaughn Industries has the following inventory information. July 1 Beginning Inventory 45 units at $130 5 Purchases 230 units at $115 14 Sale 170 units 21 Purchases 140 units at $115 30 Sale 150 units Assuming that a periodic inventory system is used, what is the amount allocated to ending inventory on a FIFO basis? $39975 $10925 $40295 $11600

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