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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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