115 110rmation for questions 4 through 6. Transactions for the month of June were: Purchases June 1 (balance) 2,200 @ $3.20 3,300 @ 3.10 1,800 @ 3.30 2,700 @ 3.40 750 @ 3.50 June 2 Sales 900 @ $5.50 2,400 @ 5.50 1,500 @ 5.50 600 @ 6.00 2,100 @ 6.00 300 @ 6.00 10 18 25 5. Assuming that periodic inventory, the ending inventory on a LIFO basis is 6. Assuming that perpetual inventory records are kept, the ending inventory on a LIFO basis is 7. Assuming that perpetual inventory records are kept, the ending inventory on a FIFO basis is 8. On March 15, a fire destroyed Interlock Company's entire retail inventory. The inventory on hand as of January 1 totaled $3,300,000. From January 1