40-41 Use the following information to answer questions PLEC Inc. uses th e average cost formula in a periodic inventory system. ent for presentation (Use unrounded numbers in your calculations but round to the nearest purposes in your answer.) Jun I Beginning inventory 20 units @ $19.00 per unit Jun 5 Purchase Jun 8 Sale Jun 9 Purchase Jun 10 Sale Jun 22 Sale 100 units @ $22.00 per unit 70 units 80 units @ 22.31 per unit 25 units 40 units 40. The cost of goods sold for the month of June is? (a) $4364.80 (b) $3984.80 (c) $2048.80 (d) $2946.24. 41. Ending inventory at the end of June is? (a) $1784.80. (b) $1418.56 (c) $1527.68 (d) $ 3080.00 42. Stylish Shoe Store reported beginning merchandise inventory of $15,000. During the period, purchases were $70,000; purchase returns, $2.000; and freight in $5,000. A physical count of inventory at the end of the period revealed that $10,000 was still on hand. The cost of goods available for sale was (a) $78,000 (b) $82,000. (c) $88,000 (d) $92,000