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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.)

$16416.

$17333.

$17213.

$16985.

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