Vaughn Manufacturing has the following inventory data: July 1 Beginning inventory 41 units at $20...
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Accounting
Vaughn Manufacturing has the following inventory data: July 1 Beginning inventory 41 units at $20 $820 7 Purchases 143 units at $21 3003 22 Purchases 20 units at $22 440 $4263 A physical count of merchandise inventory on July 30 reveals that there are 51 units on hand. Using the FIFO inventory method, the amount allocated to ending inventory for July is $1122. $1030. $1091. $1193.
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