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A company with no inventory buys the following inventory items Date Units Cost June 7 300 6 June 9 250 7 June 13 200 8

A company with no inventory buys the following inventory items Date Units Cost

June 7 300 6

June 9 250 7

June 13 200 8

On June 10, the company sells 400 units for 10 and and 15 June company sells 200 units for 10. Under the perpetual inventory system calculate the companys cost of inventory under the FIFO and LIFO inventory costing method.

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