Cullumber Company uses a periodic inventory system reports the following for the month of June. Unit Cost Date June 1 Explanation Inventory Purchases Purchases Inventory 12 Units 120 380 210 260 Total Cost $600 2,280 1,470 23 30 A sale of 400 units occurred on June 15 for a selling price of $7 and a sale of 50 units on June 27 for $8. Your answer is correct. Calculate the average cost per unit, using a perpetual inventory system. (Round answers to 3 decimal places, e.g. 5.125.) June 1 June 12 5.760 June 15 5.760 June 23 6.600 June 6.600 (1) Calculate 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 400 units occurred on June 15 for a selling price of 57 and a sale of 50 units on June 27 for 58. Rod answers to decimal places, e.g. 125 FIFO LIFO Moving Average The cost of the ending inventory The cost of goods sold