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15) Transactions for the month of June were: As: LIFO basis 15) Transactions for the month of June were: June I 3 7 15 22
15) Transactions for the month of June were: June I 3 7 15 22 Purchases (balance) 2.300@ SLOO 5,700 @ 0.90 1.10 7.000 @ _1.20 1,400 @A.30 June 2 6 9 10 18 25 Sales 1.500@ S3.50 4.200@ 3.50 3,400 @ 3.50 4.00 4.00 400@ 400 Assuming that perpetual inventory records are kept in dollars, what is the ending inventory on a I-IFO basis?
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