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P Didee Has the Following Inventory Information Assuming That a Perpetual Inventory System Is Used, What Is

Question 135

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P. Didee has the following inventory information.
 July 1 Beginning Inventory 20 units at $905 Purchases 120 units at $9214 Sale 90 units 21 Purchases 60 units at $9530 Sale 58 units \begin{array}{rll}\text { July } 1 & \text { Beginning Inventory } & 20 \text { units at } \$ 90 \\5 & \text { Purchases } & 120 \text { units at } \$ 92 \\14 & \text { Sale } & 90 \text { units } \\21 & \text { Purchases } & 60 \text { units at } \$ 95 \\30 & \text { Sale } & 58 \text { units }\end{array}
Assuming that a perpetual inventory system is used, what is the ending inventory on a LIFO basis?


A) $ 4,744
B) $ 4,750
C) $ 4,940
D) $ 4,790

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