N C VLDIA and serendi busines will repor 2020 Ching's WS For July Unit Ca Tural Cost Balance at July 1 Purchases 30.000 2.25 67,500 July 6 July 26 20,000 2.55 $1.000 27,000 2.60 70.200 July 7 (25.000) July 31 (40.000) Balance at July 31 12.000 What is Queen's cost of goods available for sale? a 19,250 b. 71,200. c. E188,700. d. cannot be determined. 5. The following information was available from the inventory records of Queen Company for July: Units Unit Cost Total Cost 2.25 30,000 Balance at July 1 67,500 Purchases: 20,000 2.55 51.000 July 6 July 26 27,000 2.60 70,200 (25,000) July 7 July 31 (40.000) 12.000 Balance at July 31 What should be the inventory reported on Queen's July 31 statement of financial p using the average-cost inventory method (round per unit amounts to two places)? 3 4 Sales: Sales: Jamuary