1. Alternative Inventory Methods

   Park Company's perpetual inventory records indicate the following transactions in the month of June:

   	Units	Cost/Unit
   Inventory, June 1	200	$3.20
   Purchases:
   June 3	200	3.50
   June 17	250	3.60
   June 24	300	3.65
   Sales:
   June 6	300
   June 21	200
   June 27	150

   Required:

   1.	Compute the cost of goods sold for June and the inventory at the end of June using each of the following cost flow assumptions: If required, round your answers to the nearest dollar.

   1. FIFO

      Cost of Goods Sold	$
      Ending Inventory	$

   2. LIFO (Round your intermediate calculations and final answers to the nearest cent.)

      Cost of Goods Sold	$
      Ending Inventory	$

   3. Average cost (In your computations, round new per unit costs to the nearest cent. Round your intermediate computations and final answers to the nearest dollar.)

      Cost of Goods Sold	$
      Ending Inventory	$