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2) The units of inventory available for sale during the month of June were as follows: June 1 June 15 Beginning inventory Purchase Purchase 75

2) The units of inventory available for sale during the month of June were as follows: June 1 June 15 Beginning inventory Purchase Purchase 75 units at $40 32 units at $47 23 units at $48 June 22 There are 59 units of in inventory at June 30 (10 marks). Required: Determine the ending inventory using: 1. FIFO. 2. LIFO. 3. Average-cost method

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