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Bonkers Bananas Has the Following Inventory Data A Physical Count of Merchandise Inventory on July 30 Reveals

question 168

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Bonkers Bananas has the following inventory data:  July 1 Beginning inventory 40 units at $20$8007 Purchases 140 units at $212,94022 Purchases 20 units at $22440$4,180\begin{array} { r l r r } \text { July } 1 & \text { Beginning inventory } & 40 \text { units at } \$ 20 & \$ 800 \\7 & \text { Purchases } & 140 \text { units at } \$ 21 & 2,940 \\22 & \text { Purchases } & 20 \text { units at } \$ 22 & { 440 }\\&&& { \$ 4,180 }\end{array} A physical count of merchandise inventory on July 30 reveals that there are 50 units on hand. Using the LIFO inventory method, the amount allocated to ending inventory for July is

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