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Pina Colada Corp. has the following inventory data: July 1 Beginning inventory 5 Purchases 14 Sale 21 Purchases 30 Sale 33 units at $6.60 132

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Pina Colada Corp. has the following inventory data: July 1 Beginning inventory 5 Purchases 14 Sale 21 Purchases 30 Sale 33 units at $6.60 132 units at $7.30 88 units 66 units at $7.90 62 units Assuming that a perpetual inventory system is used, what is the value of ending inventory on a LIFO basis for July? $570.60 $1702.80 $1132.20 $856.80

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