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Transactions for the month of June were: Purchases Sales June 1 (balance) 3270 @ $3.00 June 2 2350 @ $5.40 3 8900 @ 2.90 6

Transactions for the month of June were:

Purchases Sales
June 1 (balance) 3270 @ $3.00 June 2 2350 @ $5.40
3 8900 @ 2.90 6 6310 @ 5.40
7 4790 @ 3.10 9 4030 @ 5.40
15 7170 @ 3.20 10 1660 @ 5.00
22 2040 @ 3.30 18 5550 @ 5.00
25 800 @ 5.00

Assuming that perpetual inventory records are kept in dollars, the ending inventory on a LIFO basis is

a. $15726.

b. $16937.

c. $15926.

d. $17708.

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