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16 Sheffield's Staff has the following inventory information. July 1Beginning Inventory15units at $925Purchases121units at $9314Sale75units21Purchases63units at $9030Sale57units Assuming that a perpetual inventory system is used,

16

Sheffield's Staff has the following inventory information.

July 1Beginning Inventory15units at $925Purchases121units at $9314Sale75units21Purchases63units at $9030Sale57units

Assuming that a perpetual inventory system is used, what is the ending inventory on a FIFO basis?

$5822

$6042

$6018

$6320

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