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Pharoah Company had the following transactions for the month of June: Purchases Sales June 1 (balance) 3190@ $3.30 June 2 2480 @ $5.30 3 8900@

Pharoah Company had the following transactions for the month of June: Purchases Sales June 1 (balance) 3190@ $3.30 June 2 2480 @ $5.30 3 8900@ 3.20 6 6420 @ 5.30 7 4810@ 3.40 3990 @ 5.30 15 7210@ 3.50 10 1650 @ 5.00 22 22 1990@ 3.60 18 5600 @ 5.00 25 760 @ 5.00 Assuming that perpetual inventory records are kept in dollars, the ending inventory on a LIFO basis is $17095. O $16895. $17686. O $18399

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