Brenda Company reports the following for the month of June.

Date Explanation Units Unit Cost Total Cost June 1 Inventory 400 $ 4 $ 1,600 12 Purchase 700 6 4,200 23 Purchase 900 8 7,200 30 Inventory 430

Calculate the cost of the ending inventory and the cost of goods sold for each cost flow assumption, using a perpetual inventory system. Assume a sale of 770 units occurred on June 15 for a selling price of $ 8 and a sale of 800 units on June 27 for $ 9

FIFO LIFO Moving Average

Cost of the ending inventory Cost of goods sold