Klump Co. Klump Co. uses a perpetual inventory system and had the following inventory transactions for the month of June.

June	1	On hand, 50 units at $18.00 each		$ 900.00
	4	Purchased 115 units at $18.20 each		2,093.00
	5	Sold 100 units
	10	Purchased 75 units at $18.25 each		1,368.75
	24	Sold 50 units
		Total cost of goods available for sale		$4,361.75
	30	On hand, 90 units

Refer to the information provided for Klump Co. If the company uses the FIFO inventory costing method, the amount of ending inventory reported on the balance sheet is:

		$1,630.00
		$1,628.00
		$1,641.75
		$1,810.00

1B,

Klump Co. Refer to the information provided for Klump Co. The company uses the perpetual inventory system. If the company uses FIFO inventory costing method, cost of goods sold for the month of June is:

		$2,551.75
		$1,820.00
		$2,720.00
		$2,725.00