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Transactions for the month of June were: Purchases Sales June 1 (balance) 800 at 3.20 June 2 .600 at $5.50 3.2,200 at 3.10 6..1,600 at

Transactions for the month of June were:

Purchases

Sales

June 1 (balance) 800 at 3.20

June 2 .600 at $5.50

3.2,200 at 3.10

6..1,600 at 5.50

7.1,200 at 3.30

91,000 at 5.50

15..1,800 at 3.40

10.. 400 at 6.00

22..500 at 3.50

18..1.400 at 6.00

25..200 at 6.00

Assuming that periodic inventory system is adopted, the ending inventory on a LIFO basic is?

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