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Transactions for the month of June were: Purchases Sales June 3, (BB) 3,200@ $3.20 June 12, 2,400 @ $5.50 13 8,800 @ 3.10 20 6,400

  1. Transactions for the month of June were:

Purchases Sales

June 3, (BB) 3,200@ $3.20 June 12, 2,400 @ $5.50

13 8,800 @ 3.10 20 6,400 @ 5.50

24 4,800 @ 3.30 28 5,300 @ 5.50

Assuming perpetual inventory, in U.S. dollars, the ending inventory on a LIFO basis is:

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