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 above2. 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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