Multiple Choice Question 103 Transactions for the month of June were: June 1 3 7 15 Purchases (balance) 3300 @ $3.10 8850 @ 3.00 4780 @ 3.20 7110 @ 3.30 2100 @ 3.40 June 2 6 9 Sales 2380 $5.50 6450 5.50 3980 5.50 1670 68.00 5600 8.00 830 @ 8.00 10 18 25 Assuming that perpetual inventory records are kept in units only, the ending inventory on a LIFO basis is O $16020. O $16213 O $16736. O $17469 Click if you would like to Show Work for this question: Open Show Work The following information was available from the inventory records of Sheridan Company for January: Units Unt Cost Total Cost Balance at January 1 9000 59.60 506400 Purchase January 6 6000 10.20 61200 January 26 9000 10.10 90900 Sales January (6000) January 31 (13000) Balance at January 31 5000 Assuming that Sheridan maintains perpetual inventory records, what should be the inventory at January 3, using the movie average lentory method, rounded to the nearest dollar 549802 O $49850 O $49667 552022 Click if you would like to Show Work for this question Open Show Work