Exercise 6-14 a-b1 Teal Mountain Inc. uses a perpetual inventory system reports the following for the month of June. Date Explanation Units Unit Cost Total Cost June 1 Inventory 130 $4 $520 12 Purchases 390 5 1,950 23 Purchases 230 6 1,380 30 Inventory 250 Calculate the average cost per unit, using a perpetual inventory system. Assume a sale of 450 units occurred on June 15 for a selling price of $7 and a sale of 50 units on June 27 for $8. (Round intermediate calculations to o decimal places, e.g. 5.250 and final answer to 3 decimal places, e.g. 5.125.) June 1 $ June 12 4.75 $ June 15 $ 5 June 23 5 5.77 June 27 5.93 Calculate cost of the ending inventory and the cost of goods sold for each cost flow assumption, using a perpetual inventory system. Assume a of 450 units occurred on June 15 for a selling price of $7 and a sale of 50 units on June 27 for $8. (Round intermediate calculations and fin answers to 0 decimal places, e.g. 125.) FIFO Moving-Average The cost of the ending inventory udy LIFO $ The cost of goods sold $ $ Click if you would like to Show Work for this question: Doen Show Work Question Attempts: 0 of 1 used SAVE FOR LATER SUBMIT ANSWE OM 10 10/ hp delete and 8 9 backspace num lock ] 7 home L enter 4 pause