concord industries has the following inventory information. july 1 beginning inventory 40 units at $120 5 purchases 230 units at $116 14 sale 180 units 21 purchases 140 units at $120 30 sale 120 units assuming that a periodic inventory system is used, what is the amount allocated to ending inventory on a fifo basis? $35380 $12920 $13200 $35360
