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Piper Pipes has the following inventory data: July 1 5 14 Beginning inventory Purchases Sale Purchases Sale 44 units at $106 264 units at $99

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Piper Pipes has the following inventory data: July 1 5 14 Beginning inventory Purchases Sale Purchases Sale 44 units at $106 264 units at $99 176 units 132 units at $101 123 units 21 30 Assuming that a periodic inventory system is used, what is the cost of goods sold on a LIFO basis? $29865 $14367 $29715 $14267

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