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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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