Date June 1 (a) 12 15 16 23 27 Explanation Beginning inventory Purchases Sale Purchases Purchases Sales Cost of goods sold Units Cost of ending inventory $ 1,610 2,470 (2,260 ) 4,380 1,640 (6,100 ) Unit Cost/Price FIFO $4 5 12 6 7 15 Total Cost EA $6,440 Determine the cost of goods sold and the cost of the ending inventory using (1) FIFO and (2) Average cost. (Do not round Intermediate calculations. Round cost of goods sold answers to O decimla places, e.g. 125 and average cost answers to 2 decimal places, e.g. 1.25.) 12,350 26,280 11,480 Average

Determine the cost of goods sold and the cost of the ending inventory using (1) FIFO and (2) Average cost. (Do not round Intermedlate colculations Pound cost of soods sold answers to 0 decimlo places, es 125 and average cost answers to 2 decimal places, es. 125)