Current Attempt in Progress

Sunland Company reports the following for the month of June.

Date		Explanation		Units		Unit Cost			Total Cost
June 1		Inventory		150		$2			$300
12		Purchase		450		5			2,250
23		Purchase		400		6			2,400
30		Inventory		80

Assume a sale of 500 units occurred on June 15 for a selling price of $7 and a sale of 420 units on June 27 for $8.

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		$Enter a dollar amount		$Enter a dollar amount		$Enter a dollar amount
The cost of goods sold		$Enter a dollar amount		$Enter a dollar amount		$Enter a dollar amount

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