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Question 7 Vaughn's Staff Junkets has the following inventory Information July 1 5 14 Beginning Inventory Purchases Sale Purchases Sale 20 units at $94 124

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Question 7 Vaughn's Staff Junkets has the following inventory Information July 1 5 14 Beginning Inventory Purchases Sale Purchases Sale 20 units at $94 124 units at $94 75 units 57 units at $93 56 units 21 30 Assuming that a perpetual inventory system is used, what is the ending inventory on a LIFO basis? $6711 $6989 $6491 $6579

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