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During June, the following changes in inventory took place: June 1 Balance 1,400 units @ $24 June 14 Purchased 800 units @ $36 June 24

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During June, the following changes in inventory took place: June 1 Balance 1,400 units @ $24 June 14 Purchased 800 units @ $36 June 24 Purchased 700 units @ $30 June 8 Sold 400 units @ $50 June 10 Sold 1,000 units @ $40 June 29 Sold 500 units @ $44 Perpetual inventories are maintained. The total units for item in the ending inventory under FIFO is During June, the following changes in inventory took place: June 1 Balance 1,400 units @ $24 June 14 Purchased 800 units @ $36 June 24 Purchased 700 units @ $30 Sold 400 units @ $50 June 8 June 10 Sold 1,000 units @ $40 June 29 Sold 500 units @ $44 Perpetual inventories are maintained. The cost of the ending inventory for item under FIFO is 34,800 21,000 31,800 28,800

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