The following information was available from the inventory records of Queen Company for July: Units Unit cost Totals Cost Balance at July. 1 30,000 f2.25 E67,5000 Purchases July 6 20,000 2.55 51,000 July 26 27,000 2.60 70,200 Slaes ly 7 (25,000) July 31 (40,000) Balance at July 31 12,000 Instructions (A) What is Queen's cost of goods available for sale? (B) What should be the inventory reported on Queen's July 31 statement of financial position using the average-cost inventory method? (C) What should be the inventory reported on Queen's July 31 statement of financial position using