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Radical Radials Company Has the Following Inventory Data A Physical Count of Merchandise Inventory on July 31 Reveals

Question 4

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Radical Radials Company has the following inventory data:  July 1 Beginning inventory 30 units at $19$5707 Purchases 105 units at $202,10022 Purchases 15 units at $22330$3,000\begin{array} { r l r r } \text { July } 1 & \text { Beginning inventory } & 30 \text { units at } \$ 19 & \$ 570 \\7 & \text { Purchases } & 105 \text { units at } \$ 20 & 2,100 \\22 & \text { Purchases } & 15 \text { units at } \$ 22 &330\\&&&\$3,000\end{array} A physical count of merchandise inventory on July 31 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) $1056.

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