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Splish Brothers Inc. has the following inventory data: July 1 Beginning inventory 36 units at $7.20 5 Purchases 144 units at $7.90 14 Sale 96

Splish Brothers Inc. has the following inventory data:

July 1 Beginning inventory 36 units at $7.20

5 Purchases 144 units at $7.90

14 Sale 96 units

21 Purchases 72 units at $8.60

30 Sale 67 units

Assuming that a perpetual inventory system is used, what is the cost of goods sold on a LIFO basis for July?

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