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1. ABC Company's inventory records show the following data for the month of June: Units Unit Cost Inventory, June 1 150 $210 Purchases: June 8

1. ABC Company's inventory records show the following data for the month of June: Units Unit Cost Inventory, June 1 150 $210 Purchases: June 8 400 220 June 15 250 235 June 28 200 255 A physical inventory on June 30 shows 350 units on hand. Calculate the value of ending inventory and cost of goods sold if the company uses a periodic inventory system a) FIFO b) simple weighted average c)LIFO and make necessary adjusting journal entries

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