Current Attempt in Progress Transactions for the month of June were: Purchases...
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Accounting
Current Attempt in Progress
Transactions for the month of June were:
| Purchases | Sales | |||||||
| June 1 | (balance) 3220 @ | $3.30 | June 2 | 2410 @ | $5.60 | |||
| 3 | 8890 @ | 3.20 | 6 | 6350 @ | 5.60 | |||
| 7 | 4850 @ | 3.40 | 9 | 4090 @ | 5.60 | |||
| 15 | 7160 @ | 3.50 | 10 | 1560 @ | 6.00 | |||
| 22 | 1950 @ | 3.60 | 18 | 5510 @ | 6.00 | |||
| 25 | 780 @ | 6.00 | ||||||
Assuming that perpetual inventory records are kept in dollars, the ending inventory on a FIFO basis is
$17066.
$16866.
$18228.
$18990.
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