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Skysong has the following inventory data: July 1 5 14 Beginning inventory Purchases Sale Purchases Sale 25 units at $4.90 98 units at $5.40 66

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Skysong has the following inventory data: July 1 5 14 Beginning inventory Purchases Sale Purchases Sale 25 units at $4.90 98 units at $5.40 66 units 49 units at $5.90 46 units 21 30 Assuming that a perpetual inventory system is used, what is the cost of goods sold on a LIFO basis for July? $465.50 $313.00 $627.80 $940.80

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