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Testbank Multiple Choice Question 104, Transactions for the month of June were: June 1 June 2 6 Purchases (balance) 3100 @ $3.30 8800 @ 3.20

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Testbank Multiple Choice Question 104, Transactions for the month of June were: June 1 June 2 6 Purchases (balance) 3100 @ $3.30 8800 @ 3.20 4750 @ 3.40 7210 @ 3.50 1970 @ 3.60 9 10 18 Sales 2430 @ $5.70 6480 @ 5.70 3970 @ 5.70 1570 @ 7.00 5670 @ 7.00 820 @ 7.00 Assuming that perpetual inventory records are kept in dollars, the ending inventory on a LIFO basis is $17312. $16734. $16534 $16637

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