Transactions for the month of June were:

Purchases						Sales
June	1 (balance)	1,600	@	$3.20		June	2	1,200	@	$5.50
	3	6,800	@	$3.10			9	4,200	@	$5.50
	15	3,600	@	$3.40			10	1,800	@	$6.00
	27	1,000	@	$3.50			18	3,200	@	$6.00

Assuming that the company uses the periodic system to report its inventory, the ending inventory on a LIFO basis is:

Group of answer choices

$8,320

$8,580

$8,220

$8,940