Question: Windsor, Inc. has the following inventory data: July 1 Beginning inventory 26 units at $5.20 5 Purchases 103 units at $5.70 14 Sale 69 units

Windsor, Inc. has the following inventory data:

July 1 Beginning inventory 26 units at $5.20
5 Purchases 103 units at $5.70
14 Sale 69 units
21 Purchases 52 units at $6.20
30 Sale 48 units

Assuming that a perpetual inventory system is used, what is the value of ending inventory on a LIFO basis for July?

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