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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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