Question: 7 . On July 1 , Joe's Hardware had an inventory of 1 0 0 lawnmowers costing $ 1 5 0 each. Purchases and Sales

7.On July 1, Joe's Hardware had an inventory of 100 lawnmowers costing $150 each. Purchases and Sales in July are as follows: Unit Units Cost Sales (July 3)25 Purchase (July 8)50$120 Sales (July 15)50 Purchase (July 23)30$130 What is the cost of Joe's inventory on July 31 using the FIFO method? A. $15,600 B. $15,750 C. $13,650 D. $14,000

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