6-3A (Part Level Submission) Milo Company had a beginning inventory of 400 units of Product Kimbo at a cost of $8 per unit. During the year, purchases were: Feb. 20 300 @ $9 Aug. 12 600 @ $11 May 5 500 @ $10 Dec. 8 200 @ $12 Milo Company uses a periodic inventory system. Sales totaled 1,500 units. COST OF GOODS AVAILABLE FOR SALE is $ 19,000 Calculate the weighted-average unit cost. (Round answer to 2 decimal places, e.g. $2.25.) Weighted-average unit cost $ is 9,95 Determine (1) the ending inventory, and (2) the cost of goods sold under each of the assumed cost flow methods (FIFO, LIFO, and average-cost). (Round answers to 0 decimal places, e.g. $2,120.) FIFO LIFO AVERAGE-COST The ending inventory $ $ $ The cost of goods sold $ $ $ Date Explanation Units Unit Cost Total Cost 1/1 Beginning inventory 400 $8 $3,200 2/20 Purchase 300 9 2,700 5/5 Purchase 500 10 5,000 8/12 Purchase 600 11 6,600 12/8 Purchase 200 12 2,400 Total 2,000 $19,900