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Novak has the following inventory data: July 1 Beginning inventory 37 units at $73 5 Purchases 220 units at $68 14 Sale 146 units 21
Novak has the following inventory data: July 1 Beginning inventory 37 units at $73 5 Purchases 220 units at $68 14 Sale 146 units 21 Purchases 110 units at $71 30 Sale 102 units Assuming that a perpetual inventory system is used, what is the ending inventory on a LIFO basis for July?
| $8301 |
|
| $8337 |
|
| $8289 |
|
| $8589 |
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