Crane Company reports the following for the month of June.

Date explanation units unit cost total cost

June 1 Inventory 150 $4 $600

12 Purchase 450 5 2,250

23 Purchase 400 6 2,400

30 Inventory 80

Assume a sale of500units occurred on June 15 for a selling price of $7and a sale of420units on June 27 for $8.

A. Calculate cost of goods available for sale.

The cost of goods available for sale $?

B. Calculate Moving-Average unit cost for June 1, 12, 15, 23 & 27.(Round answers to 3 decimal places, e.g. 2.525.)

June 1

$4

June 12

$4.75

June 15

$4.75

June 23

$?

June 27

$?

C.Calculate the cost of the ending inventory and the cost of goods sold for each cost flow assumption, using a perpetual inventory system.(Round average-cost per unit to 3 decimal places, e.g. 12.520 and final answer to 0 decimal places, e.g. 1,250.)

FIFO LIFO moving-average cost

The cost ending inventory ? ? ?

The cost of goods sold 4770 4930 ?