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Transactions for the month of June were: Purchases Sales June 1 (balance) 3130 @ $3.10 June 2 2330 @ $5.70 3...

Transactions for the month of June were:

Purchases Sales
June 1 (balance) 3130 @ $3.10 June 2 2330 @ $5.70
3 8820 @ 3.00 6 6410 @ 5.70
7 4850 @ 3.20 9 4030 @ 5.70
15 7210 @ 3.30 10 1520 @ 6.00
22 2020 @ 3.40 18 5590 @ 6.00
25 830 @ 6.00


Assuming that periodic inventory records are kept in units only, the ending inventory on a LIFO basis is

$17024.
$16273.
$17758.
$16492.
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Answer #1

Total units available for sale . 26,030 units ( 3,130 + 8820 +4850 + 7210 + 2020) 20,710 units Less Units sold (23.30 +6410 +

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