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Transactions for the month of June were: Purchases Sales June 1 (balance) 3120 @ $3.10 June 2 2330 @ $5.30 3 8820 @ 3.00 6

Transactions for the month of June were:

Purchases Sales

June 1 (balance) 3120 @ $3.10 June 2 2330 @ $5.30

3 8820 @ 3.00 6 6370 @ 5.30

7 4860 @ 3.20 9 4010 @ 5.30

15 7300 @ 3.30 10 1530 @ 5.00

22 2010 @ 3.40 18 5620 @ 5.00

25 800 @ 5.00

Assuming that perpetual inventory records are kept in dollars, the ending inventory on a LIFO basis is

$15702.

$17417.

$18186.

$15902.

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