Exercise 6-14 a-bi (Part Level Submission) Sarasota Corp. uses a periodic inventory system reports the following for the month of June. Unit Cost Date June 1 12 23 Explanation Inventory Purchases Purchases Inventory Units 130 370 200 250 Total Cost $650 2,220 1,400 A sale of 400 units occurred on June 15 for a selling price of $8 and a sale of 50 units on June 27 for $9. (a) Your answer is correct. Calculate the average cost per unit, using a perpetual inventory system. (Round answers to 3 decimal places, e.g. 5.125) June 1 June 12 June 15 June 23 6.58 June 27 6.58 Dune 27 L 6.58 SHOW SOLUTION SHOW ANSWER Attemptsi 1 of 3 used ( 1) Calculate cost of the ending inventory and the cost of goods sold for each cost flow assumption, using a perpetual inventory system. Assume a sale of 400 units occurred on June 15 for a selling price of $8 and a sale of 50 units on June 27 for $9. (Round answers to decimal places, e.g. 125.) FIFO LIFO Moving Average Movie The cost of the ending inventory The cost of goods sold