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Classic Floors has the following inventory data: July 1 Beginning inventory 15 units at $6.00 5 Purchases 60 units at $6.60 14 Sale 40 units

Classic Floors has the following inventory data:

July 1 Beginning inventory 15 units at $6.00

5 Purchases 60 units at $6.60

14 Sale 40 units

21 Purchases 30 units at $7.20

30 Sale 28 units

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

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