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Snug-As-A-Bug Blankets has the following inventory data: July 1 Beginning inventory 34.0 units at $67.0 5 Purchases 202.0 units at $63.0 14 Sale 134.0 units

Snug-As-A-Bug Blankets has the following inventory data:

July 1 Beginning inventory 34.0 units at $67.0
5 Purchases 202.0 units at $63.0
14 Sale 134.0 units
21 Purchases 101.0 units at $65.0
30 Sale 94.0 units

Assuming that a perpetual inventory system is used, what is ending inventory (rounded) under the average cost method for July?

$6319

$7007

$7075

$7051

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