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July 1 Beginning Inventory 4 5 units at $ 1 3 0 5 Purchases 2 5 0 units at $ 1 1 1 1 4

July 1 Beginning Inventory 45 units at $130
5 Purchases 250 units at $111
14 Sale 180 units
21 Purchases ,90 units at $115
30 Sale 150 units
Assuming that a periodic inventory system is used, what is the amount allocated to ending inventory on a FIFO basis?
$6960
$26095
$26425
$6325
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