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CES Multiple Choice Question 103 Transactions for the month of June were: June 1 June 2 Purchases (balance) 3290 @ $3.10 8700 @ 3.00 4760

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CES Multiple Choice Question 103 Transactions for the month of June were: June 1 June 2 Purchases (balance) 3290 @ $3.10 8700 @ 3.00 4760 @ 3.20 7280 @ 3.30 2080 @ 3.40 Sales 2470 @ $5.40 6430 @ 5.40 4090 @ 5.40 1680 @ 7.00 5520 @ 7.00 810 @ 7.00 Assuming that perpetual inventory records are kept in units only, the ending inventory on a LIFO basis is $16352 $15659. $17071. $15841

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