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29. Transactions for the month of June were: Purchases Sales (balance) 3,200 @ $3.20 June 2 June 1 2,400 @ $5.50 8,800 @3.10 6 3
29. Transactions for the month of June were: Purchases Sales (balance) 3,200 @ $3.20 June 2 June 1 2,400 @ $5.50 8,800 @3.10 6 3 6,400 @ 5.50 4,800 @3.30 9 7 4,000 @ 5.50 7,200 @ 3.40 10 15 1,600 @ 6.00 2,000 @ 3.50 18 22 5,600 @ 6.00 25 800 @6.00 Assuming that periodic inventory records are kept, the ending inventory on a LIFO basis is: $17,880. O $16,640. O $16,440. O $17,160
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