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Transactions for the month of June were: Purchases Sales June 1 (balance) 3230 @ $3.10 June 2 2410 @ $5.60 3 8820 @ 3.00
Transactions for the month of June were: Purchases Sales June 1 (balance) 3230 @ $3.10 June 2 2410 @ $5.60 3 8820 @ 3.00 6 6460 @ 5.60 7 4710 @ 3.20 9 4060 @ 5.60 15 7110 @ 3.30 10 1580 @ 7.00 22 2000@ 3.40 18 5660 @ 7.00 25 750@ 7.00 Assuming that perpetual inventory records are kept in dollars, the ending inventory on a LIFO basis is O $15867. O $16213. O $16535. O $16013.
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