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Shane has the following inventory information. Date Transaction Number of Units and Cost July Beginning Inventory 26 units at $88 1 5 Purchases 115 units
Shane has the following inventory information. Date Transaction Number of Units and Cost July Beginning Inventory 26 units at $88 1 5 Purchases 115 units at $90 14 Sale 84 units 21 Purchases 63 units at $100 54 units 30 Sale Assuming that a perpetual inventory system is used, what is the ending inventory on a FIFO basis? . Hint: Ending inventory is the amount of inventory left. Calculate the amount (in $) of inventory that the company still has on hand at the end of July. O $5,378 O $6,350. $6,848 O $6,570 $5,808
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