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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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