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Question 10 Transactions for the month of June were: June 1 June 2 Purchases (balance) 3220 @ $3.30 8820 @ 3.20 4770 @ 3.40 7290

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Question 10 Transactions for the month of June were: June 1 June 2 Purchases (balance) 3220 @ $3.30 8820 @ 3.20 4770 @ 3.40 7290 @ 3.50 2040 @ 3.60 Sales 2480 @ $5.40 6330 @ 5.40 3920 @ 5.40 1700 @ 7.00 5640 @ 7.00 750 @ 7.00 10 18 25 Assuming that perpetual inventory records are kept in dollars, the ending inventory on a FIFO basis is $17154. $18109. $18824 $17354

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