Balance of 100 180 CHAPTER 2 Number of Unit Price Units Transaction Units 100 Date $1.40 400 Jan. 1 Beginning balance 300 $1.55 320 Jan. 24 Purchased 80 Feb. 8 Issued 140 330 Mar. 16 Issued 150 $1.62 200 Jun. 11 Purchased 130 90 Aug. 18 Issued 110 Issued 240 Sep. 6 150 Purchased 100 Oct. 15 140 Dec. 29 Issued If a perpetual inventory record of Raw Material A is maintained on a LIFO basis, the September 0 80 units @ $1.55, 20 units @ $1.62 and 10 units @ $1.40. b. 110 units @ $1.55. c. 50 units @1.55 and 60 units @ 1.62. d. 20 units @ $1.62 and 90 units @ $1.55. mode when products are completed: $1.70