Yen Electronics Corporation uses a periodic inventory system. The following information shows inventory transactions in June 2009 for its new e-book reader. At the end of June, 700 e-book units remained in inventory.

Compute the amounts for ending inventory and cost of goods sold for June 2009 under both the FIFO and average cost inventory methods.

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Date Transaction No. of Units Unit Cost 1 June Beginning inventories 1000 85 15 June Purchase 2200 90 20 June Purchase 3100 100 25 June Purchase 1900 110