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Transactions for the month of June were: Purchases June 1 3 7 1 5 2 2 ( balance ) 3 , 2 0 0 @

Transactions for the month of June were:
Purchases
June 1
3
7
15
22
(balance)3,200@ $3.20
8,800 @ 3.10
4,800 @ 3.30
7,200 @ 3.40
2,000 @ 3.50
Sales
2,400 @ $5.50
June 2
66,4005.50
9104,0005.501,600 @ 6.00
185,600 @ 6.00
25800 @ 6.00
Assuming that perpetual inventory records are kept in dollars, the ending inventory on a LIFO basis is $
Assuming that perpetual inventory records are kept in dollars, the Cost of Goods Sold on a LIFO basis is $
Assuming that perpetual inventory records are kept in dollars, the ending inventory on a FIFO basis is $
Assuming that perpetual inventory records are kept in dollars, the Cost of Goods Sold on a FIFO basis is $
Assuming that perpetual inventory records are kept in dollars, the ending inventory on a Average Cost LIFO basis is $
Assuming that perpetual inventory records are kept in dollars, the Cost
1

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