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Handations for Durham Ltd. for the month of June were: > I un a 8 Purchases Sales June 1 (balance) 400 @ $3.20 June 2300

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Handations for Durham Ltd. for the month of June were: > I un a 8 Purchases Sales June 1 (balance) 400 @ $3.20 June 2300 @ $5.50 3 1,100 @ 3.10 6 800 @5.50 7 600 @ 3.30 9 500 @ 5.50 15 900 @ 3.40 10 200 @ 6.00 22 250 @ 3.50 18 700 @ 6.00 25 150 @ 6.00 Durham Ltd. uses the periodic inventory system. 11 12 2.4 15 The ending inventory on a FIFO basis is A) $1,900. 17 18 B) $2,100. C) $1,920. D) $2.065

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