Whispering Winds Corp. has the following inventory data: July 1 5 Beginning inventory 35 units at $71 212 units at $66 Purchases 14 Sale 142 units 21 Purchases 106 units at $68 99 units 30 Sale Assuming that a perpetual inventory system is used, what is the ending inventory on a LIFO basis for July? $7569 $7581 $7617 $7869 Riverbed's Fabrics sold merchand ise for $189000 cash during the month of July. Returns that month totaled $3500. If the company's gross profit rate is 45%, Riverbed will report monthly net sales revenue and cost of goods sold of O $185500 and $102025. O $189000 and $103950. O $189000 and $102025. O $83475 and $83475