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Pappy's Staff has the following inventory information: July 1 Beginning Inventory July 5 Purchases July 14 Sales July 21 Purchases July 30 Sale 10 units

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Pappy's Staff has the following inventory information: July 1 Beginning Inventory July 5 Purchases July 14 Sales July 21 Purchases July 30 Sale 10 units @ $90 60 units @ $92 40 units 30 units @ $95 28 units Assuming that a perpetual inventory system is used, what is the ending inventory (rounded) under the average cost method? $2.930 $2,966 $2.987 $3,054

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