Blossom has the following inventory data: July 1 Beginning


Blossom
has the following inventory data:

July   1 Beginning inventory 59 units at $142
5 Purchases 354 units at $132
14 Sale 236 units
21 Purchases 177 units at $136
30 Sale 165 units

Assuming that a periodic inventory system is used, what is the amount allocated to ending inventory on a FIFO basis?

 

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