Transactions for the month of June were: Purchases Sales...
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Accounting
Transactions for the month of June were:
| Purchases | Sales | |||||||
| June 1 | (balance) 3230 @ | $3.10 | June 2 | 2500 @ | $5.60 | |||
| 3 | 8870 @ | 3.00 | 6 | 6310 @ | 5.60 | |||
| 7 | 4900 @ | 3.20 | 9 | 3980 @ | 5.60 | |||
| 15 | 7160 @ | 3.30 | 10 | 1640 @ | 7.00 | |||
| 22 | 2040 @ | 3.40 | 18 | 5640 @ | 7.00 | |||
| 25 | 750 @ | 7.00 | ||||||
Assuming that perpetual inventory records are kept in units only, the ending inventory on a LIFO basis is
|
| $16463. |
|
| $17958. |
|
| $16678. |
|
| $17216. |
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