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Skysong has the following inventory data: July 1 ...

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Accounting

Skysong has the following inventory data:

July 1 Beginning inventory 25 units at $4.90
5 Purchases 98 units at $5.40
14 Sale 66 units
21 Purchases 49 units at $5.90
30 Sale 46 units

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

$940.80

$313.00

$627.80

$477.50

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