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accounting Sheridan Company has the following inventory data: July 1 $480...

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Accounting

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Sheridan Company has the following inventory data: July 1 $480 7 Beginning inventory Purchases Purchases 32 units at $ 15 85 units at $ 24 13 units at $ 16 2040 22 208 $ 2728 A physical count of merchandise inventory on July 30 reveals that there are 40 units on hand. Using the LIFO inventory method, the amount allocated to ending inventory for July is O $ 640 $ 600, O $960 O $ 672

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