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Transactions for the month of June were: Purchases Sales June 1 (balance) 3300 @ $3.20 June 2 2320 @ $5.50 3 8700 @ 3.10 6
Transactions for the month of June were: Purchases Sales June 1 (balance) 3300 @ $3.20 June 2 2320 @ $5.50 3 8700 @ 3.10 6 6470 @ 5.50 7 4840 @ 3.30 9 4070 @ 5.50 15 7230 @ 3.40 10 1590 @ 5.00 22 2010 @ 3.50 18 5590 @ 5.00 25 830 @ 5.00 Assuming that perpetual inventory records are kept in units only, the ending inventory on an average-cost basis, rounded to the nearest dollar, is (Round average cost per unit to 2 decimal places, e.g. 1.48.) $16985. $17333. $16416.
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