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Transactions for the month of June were: Purchases Sales June 1 (balance) 3280 @ $3.20 June 2 2490 @ $5.30 3 8760 @ 3.10 6
Transactions for the month of June were:
Purchases | Sales | |||||||
June 1 | (balance) 3280 @ | $3.20 | June 2 | 2490 @ | $5.30 | |||
3 | 8760 @ | 3.10 | 6 | 6450 @ | 5.30 | |||
7 | 4720 @ | 3.30 | 9 | 4100 @ | 5.30 | |||
15 | 7220 @ | 3.40 | 10 | 1580 @ | 5 | |||
22 | 1910 @ | 3.50 | 18 | 5540 @ | 5 | |||
25 | 830 @ | 5 |
Assuming that perpetual inventory records are kept in dollars, the ending inventory on a FIFO basis is
| $16617. |
| $16851. |
| $16417. |
| $16205. |
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