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Use the following information for questions 1 1 5 and 1 1 6 . Transactions for the month of June were: * 1 1 5

Use the following information for questions 115 and 116.
Transactions for the month of June were:
*115. Assuming that perpetual inventory records are kept in units only, the ending inventory on a LIFO basis is (show your work with an answer '4,110')
a.4,110.
b.4,160
c.4,290
d.4,470
116. Assuming that perpetual inventory records are kept in dollars, the ending inventory on a LIFO basis is (show your work with an answer '4,290')
a.4,110.
b.4,160.
c.4,290.
d.4,470.

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