Use the Following Information for Questions
Transactions for the Month

question 10

Multiple Choice

Use the following information for questions
Transactions for the month of June were: $$\begin{array} { r r r r r r } { \text { Purchases } } && { \text { Sales } } \\\hline \text { June } 1 & \text { (balance) } 800 @ \$ 3.20 & \text { June } 2 & 600 @ \$ 5.50 \\3 & 2,200 @ 3.10 & 6 & 1,600 @ 5.50 \\7 & 1,200 @ 3.30 & 9 & 1,000 @ 5.50 \\15 & 1,800 @ 3.40 & 10 & 400 @ 6.00 \\22 & 500 @ 3.50 & 18 & 1,400 @ 6.00 \\& & 25 & 200 @ 6.00\end{array}$$
-Assuming that perpetual inventory records are kept in dollars, the ending inventory on a LIFO basis is

---

Definitions:

Impulses

Sudden desires or urges that can lead an individual to act without forethought, often based on immediate emotional responses.

Freud

Freud, an Austrian neurologist, introduced psychoanalysis, which involves therapeutic conversations between a psychoanalyst and a patient to treat mental illnesses.

Sexual

Pertaining to or involving the sex organs, sexual acts, or sexual desire.

Psychoanalytic Theory

A theory developed by Sigmund Freud that emphasizes the influence of the unconscious mind on behavior.