3. Assume Red Rover began June with 52 units of merchandise inventory, with a cost of $17 per unit. During June, Red Rover purchased and sold goods as follows:

June 8	Purchase	42 units @ $15
14	Sale	60 units @ $40
22	Purchase	28 units @ $25
27	Sale	42 units @ $40

Under the FIFO inventory costing method, how much is Red Rovers cost of goods sold for the sale on June 14?

A. $510

B. $2,400

C. $1,004

D. $936

After the sale on June 14, what is Red Rovers cost of the merchandise inventory on hand, assuming that Red Rover uses FIFO? (Reference Question 3 information.)

A. $510

B. $2,400

C. $1,004

D. $936

After the sale on June 14, what is Red Rovers cost of the merchandise inventory on hand, assuming that Red Rover uses LIFO? (Reference Question 3 information.)

A. $510

B. $578

C. $900

D. $2,400

Suppose Red Rover uses the weighted-average method and the perpetual inventory system. Use the Red Rover data from Question 3 to compute the weighted-average unit cost of the companys inventory on hand on June 8. Round unit cost to the nearest cent.

A. $16.11

B. $16.50

C. $18.15

D. $19.00