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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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