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$5 1) Johnson Company reports the following for the month of June. (20 points) Date Explanation Units Unit Cost Total Cost June 1 Inventory 225

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$5 1) Johnson Company reports the following for the month of June. (20 points) Date Explanation Units Unit Cost Total Cost June 1 Inventory 225 $1,125 12 Purchase 525 6 3,150 23 Purchase 750 7 5,250 30 Inventory 270 I Compute the value of the ending inventory and the cost of goods sold under (1) FIFO. (2) LIFO, and (3) average cost

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