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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 3.10.61,600 at 5.50 7..1,200 at 3.30.9.1,000
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 3.10.61,600 at 5.50 7..1,200 at 3.30.9.1,000 at 5.50 151,800 at 3.40...10400 at 6.00 22...500 at 3.50...18.1,400 at 6.00 ....25...200 at 6.00 Assuming that perpetual inventory system is adopted, the ending inventory on a LIFO basis is the answer is 4290 please show the calculation
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