transactions for the month of June were:

Purchases					Sales
June 1		(balance) 3130 @	$3.30		June 2		2430 @	$5.40
3		8700 @	3.20		6		6410 @	5.40
7		4820 @	3.40		9		3930 @	5.40
15		7280 @	3.50		10		1530 @	7
22		1900 @	3.60		18		5530 @	7
					25		850 @	7

Assuming that perpetual inventory records are kept in dollars, the ending inventory on a FIFO basis is

$17495.

$16609.

$18215.

$16409.

Bramble Corp. sells one product and uses a perpetual inventory system. The beginning inventory consisted of 81 units that cost $20 per unit. During the current month, the company purchased 484 units at $20 each. Sales during the month totaled 356 units for $43 each. What is the cost of goods sold using the LIFO method?

$9680.

$15308.

$7120.

$1620.