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Vaughn has the following inventory data: July 1 Beginning inventory 31 units at $61 5 Purchases 184 units at $57 14 Sale 122 units 21

Vaughn has the following inventory data:

July 1 Beginning inventory 31 units at $61
5 Purchases 184 units at $57
14 Sale 122 units
21 Purchases 92 units at $59
30 Sale 86 units

Assuming that a perpetual inventory system is used, what is the ending inventory on a LIFO basis for July?

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