Multiple Choice Question 183 Sheffield has the following inventory data: July 1 5 14 21 30 Beginning inventory Purchases Sale Purchases Sale 32 units at $6.40 127 units at $7.00 85 units 64 units at $7.60 59 units Assuming that a perpetual inventory system is used, what is the value of ending inventory on a LIFO basis for July? $1043.40 O $536.80 O $1580.20 O $799.20 Click if you would like to Show Work for this question: Open Show Work