a Put Hannas given information into a cost of goods sold model. What is unknown? (any format) b Calculate the ending inventory and cost of goods sold using the FIFO, LIFO and moving average costing methods. Round dollar amounts to the nearest cent. c Calculate the sum of the ending inventory and cost of goods sold for each method. What do you notice about the answer for each method?

7 Inventory costing methods LO2 Hanna Hardware provides the following information relating to its June inventory activity. Hanna uses a perpetual inventory system Date 1 Jun. Inventory 7 Jun. Purchase 12 Jun. Sale 18 Jun. Purchase 20 Jun. Sale 26 Jun. Purchase 30 Jun. Sale Transaction Units Unit cost Total cost 13 $8.00 9.50 $104.00 209.00 20 10 14 16 15 10.25 102.50 11.00 176.00