Pharoah Company has the following inventory data: 7/1 Beginning inventory 37 units at $24 $888...
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Accounting
Pharoah Company has the following inventory data:
7/1 Beginning inventory 37 units at $24 $888
7/7 Purchases 130 units at $25 $3250
7/22 Purchases 19 units at $27 $513
A physical count of merchandise inventory on July 30 reveals that there are 60 units on hand. Using the FIFO inventory method, the amount allocated to cost of goods for July is? (please show work)
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