Radical Radials Company has the following inventory data: July 1 beginning inventory: 30 units at...
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Accounting
Radical Radials Company has the following inventory data: July 1 beginning inventory: 30 units at $19 each July 7 purchases: 105 units at $20 each July 22 purchases: 15 units at $22 each A physical count of merchandise inventory
on July 30 reveals that there are 48 units on hand. Using the LIFO inventory method, the amount allocated to ending inventory for July is: a. $930 b. $912 c. $960 d. $1,056.
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