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Cheyenne Corp. uses a periodic inventory system and reports the following for the month of June. Unit Cost $5 Date June 1 12 23 Explanation

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Cheyenne Corp. uses a periodic inventory system and reports the following for the month of June. Unit Cost $5 Date June 1 12 23 Explanation Inventory Purchase Purchase Inventory Units 120 360 200 203 Total Cost $ 600 2.160 1.400 6 7 30 (a) Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average cost. (Round per unit cost to 3 decimal places, e.8. 15.647 and final answers to decimal places, eg. 5,125) FIFO LIFO Average-cost $ $ Cost of the ending inventory $ $ $ $ Cost of goods sold

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