Question 41 of 45 Transactions tor vurnameta.tor the month of June were: Purchases Sales June 1 (balance) 400 @ $ 3.20 June 2 300 @ $5.50 3 1,100 @ 3.10 6 800 @ 5.50 7 600 @ 3.30 9 ON 500 @ 5.50 15 900 @ 3.40 10 200 @ 6.00 22 250 @ 3.50 18 700 @ 6.00 25 150 @ 6.00 Durham Ltd. uses the periodic inventory system. The ending inventory on a FIFO basis is $2.100. $2.065. $1.920. $1.900. Question 42 of 45 View Policies Current Attempt in Progress When using the moving-average cost formula with a perpetual system, O a weighted-average cost is calculated at year end. a new unit cost is calculated each time a sale is made. O a new unit cost is calculated each time a purchase is made. a new unit cost is calculated both when a sale is made and when a purchase is made Question 43 of 45