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Transactions for the month of June were: Purchases June 1 (balance) 800 a $3.20 2,200 @ 3.10 1,200 @ 3.30 1,800 @ 3.40 500 @
Transactions for the month of June were: Purchases June 1 (balance) 800 a $3.20 2,200 @ 3.10 1,200 @ 3.30 1,800 @ 3.40 500 @ 3.50 10,31 E1-IP Sales June 2 600 @ $5.50 6 1,600 @ 5.50 9 1,000 @ 5.50 10 400 @ 6.00 18 1,400 @ 6.00 2 5 200 @ 6.00 Cor-5. 200 periodic 18. Assuming that perpetual inventory records are kept in units only, the ending inventory on an average-cost basis, rounded to the nearest dollar, is a. $4,096. b. $4,238. c. $4,290. d. $4,322
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