Transactions for the month of June were: June 1 June 2 Purchases (balance) 3130 @ $3.10 8810 @ 3.00 4860 @ 3.20 7120 @ 3.30 1920 @ 3.40 9 10 18 25 Sales 2390 @ $5.40 6440 @ 5.40 4060 @ 5.40 1660 @ 7.00 5520 @ 7.00 810 @ 7.00 Assuming that perpetual inventory records are kept in dollars, the ending inventory on a FIFO basis is $15463. $15878 $16560. $15663