7. The following information is available regarding costs of printers purchased and sold by XYZ Co. during the past year: Number of Printers Cost per Printer. Total Cost January 1 inventory.. 9 $150 $1,350 July 16 purchases.... 14 $153 $2,142 December 9 purchases... 5 $157 $785 Available for sale. 28 $4.277 July 20 sale.......... December 31 inventory..... 19 2 If XYZ Co. uses the perpetual FIFO inventory approach, what is the December 31 inventory? a. $1,397.00 Ob. $1,385.00 c. $1,392.30 d. $1,350.00 Topic covered in 4.6 Report a