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Trumpeting Trumpets has the following inventory data: July 1 Beginning inventory 5 Purchases 14 Sale 21 Purchases 30 Sale 37 units at $89 222 units

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Trumpeting Trumpets has the following inventory data: July 1 Beginning inventory 5 Purchases 14 Sale 21 Purchases 30 Sale 37 units at $89 222 units at $83 148 units 111 units at $85 104 units Assuming that a periodic inventory system is used, what is the cost of goods sold on a FIFO basis? $10016 $21138 $24138 $10216

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