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Kingbird has the following inventory data: July 1 Beginning inventory 34 units at $68 5 Purchases 205 units at $64 14 Sale 137 units 21
Kingbird 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?
$7126
$7414
$7114
$7162
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