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During June, the following changes in inventory took place: June 1 Balance 1,400 units $36 800 units $54 700 units $45 400 units @$75 14

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During June, the following changes in inventory took place: June 1 Balance 1,400 units $36 800 units $54 700 units $45 400 units @$75 14 Purchased 24 Purchased 8 Sold 10 Sold 29 Sold 500 units$66 Perpetual inventories are maintained Instructions What is the cost of the ending inventory under the following methods? (Show calculations.) (a) FIFO (b) LIFO. (c) Moving average

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