Bridgeport Ltd. reports the following inventory transactions in a periodic inventory system for the month of June. A physical inventory count determined that 1,500 units were on hand at the end of the month. Date June 1 12 16 23 Explanation Beginning inventory Purchases Purchases Purchases Cost of the ending inventory $ Cost of goods sold Units $ 1,430 2,400 4,530 1,440 Units Cost FIFO $4 5 6 7 Total Cost Determine the cost of the ending inventory and cost of goods sold using (1) FIFO and (2) average cost. (Round FIFO answers to the nearest whole dollar, e.g. 5,275 and Average cost answers to 2 decimal places, e.g. 15.25. Round unit cost to 6 decimal places. e.g. 15.243876.) tA $5,720 LA 12,000 27,180 10,080 Average

Bridseport Ltd reports the following imventory transactions in a periodic inventory system for the month of June. A physical imventory count determined that 1.500 units were on hand at the end of the month. Determine the cost of the ending inventory and cost of goods sold using (1) FIFO and (2) average cost. (Round FIFO answers to the nearest whole dollar, es. 5,275 and Average cost answers to 2 decimal ploces, es. 15.25. Round unit cost to 6 decimal places eg. 15.243876.)