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I. Transactions for the month of June were: 1. Assuming that perpetual inventory records are kept in units only, the ending inventory on a LIFO basis...

I. Transactions for the month of June were:

1. Assuming that perpetual inventory records are kept in units only, the ending inventory on a LIFO basis is ?

 a. $1,900.

 b. $1,920.

 c. $1,970.

 d. $2,065

 e. Non of the above

2. Assuming that perpetual inventory records are kept in dollars, the ending inventory on a LIFO basis is

 a. $1,900.

 b. $1,920.

 c. $1,970.

 d. $2,065.

 e. Non of the above

 3. Assuming that perpetual inventory records are kept in dollars, the ending inventory on a FIFO basis is

 a. $1,900.

 b. $1,920.

 c. $2,065.

 d. $2,100.

 e. Non of the above

 4. Assuming that perpetual inventory records are kept in units only, the ending inventory on an  average-cost basis, rounded to the nearest dollar, is

 a. $1,980.

 b. $1,956.

 c. $1,970.

 d. $1,995

 e. Non of the above

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