DAC Company had a beginning inventory of 30 units at a cost of $5 per unit. Below you will find information related to purchases for the month of June 2020. PURCHASES Date Description June 11Purchased 20 Purchased 27 Purchased Units 40 30 10 Unit cost $6 7 8 During the month of June the Company sold a total of 90 units. Required: a) Assuming the company uses the sig cost flow assumption and a periodic inventory system determine the following costs: (10 points) Show value here Show calculations here Beginning Inventory - - Purchases - - - - - - - - - - - Cost of Goods Available for Sale 11 11 Ending Inventory - - - - - - - - - COGS 11 - 1 1 - - - b) Assuming the company uses the Average cost flow assumption and a periodic inventory system determine the following costs: (10 points) Show value here Show calculations here Beginning Inventory Purchases III Cost of Goods Available for Sale Erding Inventory COGS English (United States c) Do you agree with the following statement? Explain. (10 points) "Eifg cost flow assumption always results in a higher net income than average cost