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Use the Following Information for Questions 103 Through 106

Question 89

Multiple Choice

Use the following information for questions 103 through 106.
Transactions for the month of June were: Use the following information for questions 103 through 106. Transactions for the month of June were: -Assuming that perpetual inventory records are kept in units only, the ending inventory on a LIFO basis is A) $8,220. B) $8,320. C) $8,580. D) $8,940.
-Assuming that perpetual inventory records are kept in units only, the ending inventory on a LIFO basis is


A) $8,220.
B) $8,320.
C) $8,580.
D) $8,940.

Correct Answer:

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