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Montana Great Outdoors had the following inventory in fiscal 2012. The company uses the LIFO...

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Accounting

Montana Great Outdoors had the following inventory in fiscal 2012. The company uses the LIFO method of accounting for inventory.

Beginning Inventory, August 1, 2011: 140 units @ $19.50

Purchase 300 units @ $19.00 Purchase 50 units @ $20.00

Purchase 120 units @ $20.30

Ending Inventory, July 31, 2012: 130 units

The company's ending inventory in dollars for fiscal 2012 is:

Group of answer choices

$2,535

$6,162

$7,200

11,866

Not enough information is available.

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