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Transactions for the month of June were: Purchases Sales June 1 (balance) 3180 @ $3.30 June 2 2350 @ $5.40 3 8820 @ 3.20
Transactions for the month of June were: Purchases Sales June 1 (balance) 3180 @ $3.30 June 2 2350 @ $5.40 3 8820 @ 3.20 6 6380@ 5.40 7 4900 @ 3.40 9 3920 @ 5.40 12 15 7180 @ 3.50 10 1540 @ 8.00 22 1960@ 3.60 18 5610 @ 8.00 25 760@ 8.00 Assuming that periodic inventory records are kept in units only, the ending inventory on a LIFO basis is $19376. $18632. $17854. $18084.
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