Transactions for the month of June were: Purchases Sales June 1 (balance) 3,200 @ $3.20 June 2 2,400 @ $5.50 3 8,800 @3.10 6 6,400 @ 5.50 7 4,800 @ 3.30 9 4,000 @ 5.50 15 7,200 @ 3.40 10 1,600 @ 6.00 22 2,000 @ 3.50 18 5,600 @ 6.00 25 800 @6.00 Assuming that periodic inventory records are kept, the ending inventory on a LIFO basis is: 0 $17,880. $16,440. 0 $16,640. $17,160