P. Didee has the following inventory information.

July 1 Beginning Inventory 20 units at $90

5 Purchases 120 units at $92

14 Sale 90 units

21 Purchases 60 units at $95

30 Sale 58 units

Assuming that a perpetual inventory system is used, what is the ending inventory on a FIFO basis?

• A.

  $4,744

• B.

  $5,860

• C.

  $4,940

• D.

  $6,346