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Blue has the following inventory data: July 1 Beginning inventory 35 units at $70 5 Purchases 209 units at $65 14 Sale 139 units 21

Blue has the following inventory data:

July 1 Beginning inventory 35 units at $70
5 Purchases 209 units at $65
14 Sale 139 units
21 Purchases 104 units at $67
30 Sale 97 units

Assuming that a perpetual inventory system is used, what is the ending inventory on a LIFO basis for July?

-$7469

-$7757

-$7457

-$7505

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