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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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