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Whispering Winds Corp. has the following inventory data: July 1 Beginning inventory 60 units at $19 $1140 7 Purchases 210 units at $20 4200 22
Whispering Winds Corp. has the following inventory data: July 1 Beginning inventory 60 units at $19 $1140 7 Purchases 210 units at $20 4200 22 Purchases 30 units at $22 660 $6000 A physical count of merchandise inventory on July 30 reveals that there are 100 units on hand. Using the LIFO inventory method, the amount allocated to cost of goods sold for July is $2060. $3940. $1940. $4060.
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