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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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