Computations involving different cost flow assumptions. Moon Company's raw materials purchases during June, its first month of operations, were as follows:

The inventory on June 30 was 12.500 units. Assume a periodic inventory system. Compute the cost of the inventory on June 30 and the cost of goods sold for June un- der each of the following cost flow assumptions:

a. FIFO

b. Weighted average

c. LIFO(Appendix)

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Quantity Cost per Unit Total Costs 6/1 Purchased . . 8,600 $3.25 $ 27,950 6/8 Purchased . 12,300 3.20 6/17 Purchased. 10,900 3.10 39,360 33,790 6/26 Purchased . . 9,200 3.00 27,600 Totals ... 41,000 $128.700