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July 1 Beginning Inventory 20 units at $90 5 Purchases 120 units at $90 14 Sale 77 units 21 Purchases 63 units at $99 30

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July 1 Beginning Inventory 20 units at $90 5 Purchases 120 units at $90 14 Sale 77 units 21 Purchases 63 units at $99 30 Sale 65 units Assuming that a perpetual inventory system is used, what is the ending inventory on a FIFO basis? $6039 $5843 $7800 $4761

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