E7-4 (Algo) FIFO Inventory Calculations [LO 7-3] Brown Company began operating on June 26 with no inventory on hand. It then made the purchases listed below. Brown Company sold and delivered 54 units on June 30. Date June 27 June 28 June 29 Description Purchase Purchase Purchase Units 16 42 22 Unit Cost $ 8.40 9.40 11.40 Total Cost $ 134.40 394.80 250.80 Required: 1. Calculate the number and cost of goods available for sale. 2. Calculate the number of units in ending inventory at June 30. 3. Calculate the cost of ending inventory and the cost of goods sold under FIFO. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Calculate the number and cost of goods available for sale. (Do not round intermediate values. Round your "Cost of Goods Available for Sale" answer to 2 decimal places.) Number of Goods Available for Sale units Cost of Goods Available for Sale Required 1 Required 2 > E7-4 (Algo) FIFO Inventory Calculations (LO 7-3] Brown Company began operating on June 26 with no inventory on hand. It then made the purchases listed below. Brown Company sold and delivered 54 units on June 30. Date June 27 June 28 June 29 Description Purchase Purchase Purchase Units 16 42 22 Unit Cost $ 8.40 9.40 11.40 Total Cost $ 134.40 394.80 250.80 Required: 1. Calculate the number and cost of goods available for sale. 2. Calculate the number of units in ending inventory at June 30. 3. Calculate the cost of ending inventory and the cost of goods sold under FIFO. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Calculate the number of units in ending inventory at June 30. Ending Inventory units E7-4 (Algo) FIFO Inventory Calculations (LO 7-3] Brown Company began operating on June 26 with no inventory on hand. It then made the purchases listed below. Brown Company sold and delivered 54 units on June 30. Date June 27 June 28 June 29 Description Purchase Purchase Purchase Units 16 42 22 Unit Cost $ 8.40 9.40 11.40 Total Cost $ 134.40 394.80 250.80 Required: 1. Calculate the number and cost of goods available for sale. 2. Calculate the number of units in ending inventory at June 30. 3. Calculate the cost of ending inventory and the cost of goods sold under FIFO. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Calculate the cost of ending inventory and the cost of goods sold under FIFO. (Do not round intermediate values. Round your "Cost of Goods Sold" answer to 2 decimal places.) Cost of Goods Cost of Ending Inventory Sold FIFO