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4 Transactions for the month of June were: Purchases June 1 (balance) 1,200 @ $3.20 3 7 15 22 Sales June 2 900 @
4 Transactions for the month of June were: Purchases June 1 (balance) 1,200 @ $3.20 3 7 15 22 Sales June 2 900 @ $5.50 3,300 @ 3.10 6 2,400 5.50 1,800 @ 3.30 9 1,500 @5.50 2,700 @ 3.40 10 600 @ 6.00 750 @ 3.50 18 2,100 @6.00 25 450 @ 6.00 Assuming that perpetual inventory records are kept in units only, the ending inventory on a LIFO basis is a. $5,700. b. $5,760. c. $5,910, d. $6,195.
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