Multiple Choice Question 89 Waterway has the following inventory data: July 1 Beginning inventory 55 units at $132 5 Purchases 330 units at $123 14 Sale 220 units 21 Purchases 165 units at $127 30 Sale 154 units Assuming that a periodic inventory system is used, what is the cost of goods sold on a FIFO basis? O $46497 O $22143 $46662 $22308 Click if you would like to Show Work for this question: Open Show Work