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Transactions for the month of June were: June 1 3 June 2 6 B T N 0 - Purchases (balance) 3280 @ $3.00 8810 @
Transactions for the month of June were: June 1 3 June 2 6 B T N 0 - Purchases (balance) 3280 @ $3.00 8810 @ 2.90 4840 @ 3.10 7240 @ 3.20 1950 @ 3.30 9 Sales 2350 @ $5.50 6300 @ 5.50 3900 @ 5.50 1690 @ 8.00 5660 @ 8.00 810 @ 8.00 10 18 25 Assuming that periodic inventory records are kept in units only, the ending inventory on a LIFO basis is $16017. $16771. $17507. $16230
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