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Transactions for the month of June were:
| Purchases | | Sales |
| June 1 | | (balance) 3150 @ | $3.20 | | June 2 | | 2310 @ | $5.40 |
| 3 | | 8880 @ | 3.10 | | 6 | | 6330 @ | 5.40 |
| 7 | | 4900 @ | 3.30 | | 9 | | 3990 @ | 5.40 |
| 15 | | 7170 @ | 3.40 | | 10 | | 1500 @ | 7 |
| 22 | | 2060 @ | 3.50 | | 18 | | 5640 @ | 7 |
| | | | | | 25 | | 770 @ | 7 |
Assuming that perpetual inventory records are kept in dollars, the ending inventory on a FIFO basis is
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