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 system is used, the ending inventory on a LIFO basis is

$17,880.

$16,440.

$16,640.

$17,160