NTER VERSION BACK NEXT Testbank Multiple Choice Question 103 Transactions for the month of June were: June 2 June 1 3 7 Purchases (balance) 3260 @ $3.20 8890 @ 3.10 4830 @ 3.30 7110 @ 3.40 1970 @ 3.50 6 9 Sales 2440 @ $5.70 6450 @ 5.70 4050 @ 5.70 1510 @ 6.00 5700 @ 6.00 770 @ 6.00 15 10 22 18 25 Assuming that periodic inventory records are kept in units only, the ending inventory on a LIFO basis is O $16962. O $17673. O $16.50. O $16448