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Question 21 Transactions for the month of June were: Purchases June 2 2420 $5.40 (balance) 3230 @ $3.00 8710 @ 2.90 4830 @ 3.10 7140

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Question 21 Transactions for the month of June were: Purchases June 2 2420 $5.40 (balance) 3230 @ $3.00 8710 @ 2.90 4830 @ 3.10 7140 @ 3.20 1910 @ 3.30 June 1 6 6430 5.40 9 4050 a 5.40 9 4050 10 1670 @ 7 18 5640 @7 25 81O7 15 Assuming that perpetual inventory records are kept in dollars, the ending inventory on a LIFO basis is O $15551 O $15429 ( $14891. $15229

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