Below is an analysis of the inventory purchases and sales of for the month of June for Aurora Corporation. Aurora uses the perpetual inventory system.

Purchases						Sales
		Units	Unit Cost		Units	Selling Price/Unit
June 1	Beginning inventory	240	$75
June 3	Purchase	80	80
June 8	Sales				160	$125
June 10	Purchase	400	86
June 16	Sales				150	130
June 19	Sales				170	135
June 22	Purchase	100	94
June 28	Sale				60	135

Answer the questions using the FIFO and moving weighted average cost formulas. You may find it useful to use the templates provided on the following pages, but there are no marks associated with completing the template. Round per unit cost calculations to two decimal places.

1. The total ending inventory in units, regardless of the inventory valuation method is:

2. The total ending inventory cost for June 30 that would appear on Auroras statement of financial position using the FIFO method is:

3. The cost of goods sold for the June 8 sale using the FIFO method is:

4. The total gross profit ($) for the month of June using the FIFO method is:

5. The total ending inventory cost for June 30 that would appear on Auroras statement of financial position using the Moving Weighted Average method is:

6. The total cost of goods sold for the month of June using the Moving Weighted Average

method is:

7. The total sales revenue for the month of June regardless of the inventory valuation method used is:

8. The total gross profit ($) for the sale on June 16th using the Moving Weighted Average method is:

9. The total number of units sold in the month of June, regardless of the inventory valuation method is: