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Question 34 Splish has the following inventory data: July 1 Beginning inventory 5 Purchases 14 Sale 21 Purchases 30 Sale 36 units at $72 216

Question 34 Splish has the following inventory data: July 1 Beginning inventory 5 Purchases 14 Sale 21 Purchases 30 Sale 36 units at $72 216 units at $67 144 units 108 units at $70 101 units Assuming that a perpetual inventory system is used, what is the ending inventory on a LIFO basis for July? $7894 $7906 $7942 $8194

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