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Swifty has the following inventory data: July 1 Beginning inventory 23 units at $46 5 Purchases 137 units at $43 14 Sale 91 units 21
Swifty has the following inventory data:
July 1 | Beginning inventory | 23 units at $46 | ||
5 | Purchases | 137 units at $43 | ||
14 | Sale | 91 units | ||
21 | Purchases | 68 units at $44 | ||
30 | Sale | 64 units |
Assuming that a perpetual inventory system is used, what is the cost of goods sold on a LIFO basis for July?
| $6729 |
| $6820 |
| $6741 |
| $6681 |
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