Question 5 (4 points) Transactions for the month of June were: Purchases Sales June 1 (balance) 3,200 @ $3.20 June 22,400 @ $5.50 38,800 @3.10 6 6,400 @ 5.50 7 4,800 @3.30 94,000 @ 5.50 15 7.200 @ 3.40 10 1,600 @ 6.00 22 2,000 @ 3.50 18 5.600 @ 6.00 25 800 @6.00 Assuming that perpetual inventory records are kept in dollars, the ending inventory on a LIFO basis is a) $16,440. b) $16,640. c) $17,160 d) $17,880