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Transactions for the month of June were: Purchases Sales June 1 (balance) 3210 @ $3.00 June 2 2310 @ $5.30 3 8800 @ 2.90 6
Transactions for the month of June were:
Purchases | Sales | |||||||
June 1 | (balance) 3210 @ | $3.00 | June 2 | 2310 @ | $5.30 | |||
3 | 8800 @ | 2.90 | 6 | 6370 @ | 5.30 | |||
7 | 4750 @ | 3.10 | 9 | 4100 @ | 5.30 | |||
15 | 7190 @ | 3.20 | 10 | 1550 @ | 7.00 | |||
22 | 2000 @ | 3.30 | 18 | 5520 @ | 7.00 | |||
25 | 800 @ | 7.00 |
Assuming that perpetual inventory records are kept in dollars, the ending inventory on a FIFO basis is
$16441.
$15630.
$17160.
$15430.
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