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Transactions for the month of June were: Purchases Sales...

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Question

Accounting

Transactions for the month of June were:

Purchases

Sales

June 1 (balance) 800 at 3.20

June 2 .600 at $5.50

3.2,200 at 3.10

6..1,600 at 5.50

7.1,200 at 3.30

91,000 at 5.50

15..1,800 at 3.40

10.. 400 at 6.00

22..500 at 3.50

18..1.400 at 6.00

25..200 at 6.00

Assuming that perpetual inventory system is adopted, the ending inventory on a LIFO basis?

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