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Transactions for the month of June were: Purchases Sales June 1 June 2 3 6 7 (balance) 3230 @ $3.10 8870 @ 3.00 4900 @

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Transactions for the month of June were: Purchases Sales June 1 June 2 3 6 7 (balance) 3230 @ $3.10 8870 @ 3.00 4900 @ 3.20 7160 @ 3.30 2040 @ 3.40 9 2500 @ $5.60 6310 @ 5.60 3980 @ 5.60 1640 @ 7.00 5640 @ 7.00 750 @ 7.00 10 15 22 18 25 Assuming that perpetual inventory records are kept in units only, the ending inventory on a LIFO basis is

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