Question: Multiple Choice Question 182 Whispering Winds Corp. has the following inventory data: July 1 Beginning inventory 28 units at $5.50 5 Purchases 110 units at

Multiple Choice Question 182

Whispering Winds Corp. has the following inventory data:

July 1 Beginning inventory 28 units at $5.50
5 Purchases 110 units at $6.10
14 Sale 74 units
21 Purchases 55 units at $6.60
30 Sale 52 units

Assuming that a perpetual inventory system is used, what is the cost of goods sold on a LIFO basis for July?

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