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Transactions for the month of June were: Purchases Sales June 1 (balance) 3290 @ $3.10 June 2 2470 @ $5.40 3 8700 @ 3.00 6
Transactions for the month of June were:
Purchases | Sales | |||||||
June 1 | (balance) 3290 @ | $3.10 | June 2 | 2470 @ | $5.40 | |||
3 | 8700 @ | 3.00 | 6 | 6430 @ | 5.40 | |||
7 | 4760 @ | 3.20 | 9 | 4090 @ | 5.40 | |||
15 | 7280 @ | 3.30 | 10 | 1680 @ | 7.00 | |||
22 | 2080 @ | 3.40 | 18 | 5520 @ | 7.00 | |||
25 | 810 @ | 7.00 |
Assuming that periodic inventory records are kept in units only, the ending inventory on a LIFO basis is
| $15841. |
| $17071. |
| $15659. |
| $16352. |
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