Transactions for Ivanhoe Ltd. for the month of June were: Purchases Sales June 1 (balance) 410@ $3.20 June 2 350 @ $5.60 3 1100@ 3.10 6 830@ 5.60 610@ 3.30 9 550@ 5.60 15 910@ 3.40 10 220@ 6.10 22 240@ 3.50 18 690@ 6.10 25 160@ 6.10 Ivanhoe Ltd. uses the periodic inventory system. The ending inventory on a FIFO basis is O $1498. O $1622 O $1504. O $1718.