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Transactions for the month of June were: Purchases Sales June 1 (balance) 3220 @ $3.20 June 2 2410 @ $5.70 3 8780 @ 3.10 6

Transactions for the month of June were:

Purchases Sales
June 1 (balance) 3220 @ $3.20 June 2 2410 @ $5.70
3 8780 @ 3.10 6 6360 @ 5.70
7 4700 @ 3.30 9 3930 @ 5.70
15 7290 @ 3.40 10 1640 @ 6.00
22 2000 @ 3.50 18 5590 @ 6.00
25 750 @ 6.00

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.)

$17311.

$16731.

$17672.

$17552.

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