1. ABC Company's inventory records show the following data for the month of June: Units Unit Cost 150 $210 400 220 250 235 200 255 Inventory. Purchases: June 1 June 8 June 15 June 28 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.

1. ABC Company's inventory records show the following data for the month of June: 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)L.IFO and make necessary adjusting journal entries