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Cheyenne Corp. has the following inventory data: July 1 Beginning inventory 34 units at $68 5 Purchases 205 units at $64 14 Sale 137 units

Cheyenne Corp. has the following inventory data:

July 1	Beginning inventory	34 units at $68
5	Purchases	205 units at $64
14	Sale	137 units
21	Purchases	103 units at $66
30	Sale	96 units

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

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