ansactions for the month of June were: June 1 3 7 15 Purchases (balance) 3240 @ $3.30 8900 @ 4840 @ 7240 @ 3.20 3.40 3.50 June 2 6 9 10 Sales 2500 @ 6320 @ 3910@ 1510@ $5.50 5.50 5.50 7.00
ansactions for the month of June were: June 1 3 7 15 Purchases (balance) 3240 @ $3.30 8900 @ 4840 @ 7240 @ 3.20 3.40 3.50 June 2 6 9 10 Sales 2500 @ 6320 @ 3910@ 1510@ $5.50 5.50 5.50 7.00
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Please help me with correct answer thanku
![Transactions for the month of June were:
June 1
3
7
15
22
Purchases
(balance) 3240 @ $3.30
8900 @
$16900.
$19934.
$19108.
● $17100.
4840@
7240 @
3.20
3.40
3.50
1940 @ 3.60
June
6
9
10
18
25
Sales
2500 @ $5.50
6320 @
3910 @
1510@
5500 @
780 @
5.50
5.50
7.00
7.00
7.00
Assuming that perpetual inventory records are kept in dollars, the ending inventory on a FIFO basis is](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8af2e067-485e-4685-bf7c-f93742b1f28a%2Fd824f56b-bb68-418f-92bc-ae2aff0f92da%2Fyhzw6pb_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Transactions for the month of June were:
June 1
3
7
15
22
Purchases
(balance) 3240 @ $3.30
8900 @
$16900.
$19934.
$19108.
● $17100.
4840@
7240 @
3.20
3.40
3.50
1940 @ 3.60
June
6
9
10
18
25
Sales
2500 @ $5.50
6320 @
3910 @
1510@
5500 @
780 @
5.50
5.50
7.00
7.00
7.00
Assuming that perpetual inventory records are kept in dollars, the ending inventory on a FIFO basis is
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