Chapter 6 Homework Problem: Perpetual Method FIFO LIFO Units 1-Jun Beg Inventory June 4 Purchases 9-Jun Sales 14-Jun Purchases 300 S 500 $ 20 $ 6,000 22 $ 11,000 Unit Price Total Cost FIFO Bal S Ending Inventory LIFO Bal$ 3,000 650 200 $ 23 $ 4,600 15-Jun Purchases 400 $ 21 $ 8,400 23-Jun Sales 500 30-Jun Purchases 250 $ 24 $ 6,000 Total Inven avail. For sale 1,650 $ 36.000 Eoy inven 500 11300 COGS 1,150 Periodic Method 1-Jun Beg Inventory June 4 Purchases 14-Jun Purchases Units Unit Price Total Cost FIFO Bal $ 300 $20 $ 6,000 500 $22 $ 11,000 LIFO Bal $ Wtd Avg bal $ 200 $ 23 $ 4,600 15-Jun Purchases 400 $ 21 $ 8,400 30-Jun Purchases 250 $ 24 $ 6,000 Total Inven avail. For sale Eoy inven 1,650 $ 36,000 500 COGS 1,150