Question 1 Brave Company has the following inventory information. Date Accounting Transactions Transaction July 1 Beginning Inventory 5 Purchases 14 Sale 21 Purchases 30 Sale Units and Cost 15 units at $ 92 124 units at $93 76 units 60 units at $ 90 51 units 16 pts Assuming that a perpetual inventory system is used, what is the cost of goods sold on a FIFO basis? O $11,658 O $11,811 O $11,796 O $11,725 $11,643