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Find LIFO and Moving-Average Sandhill Company uses a perpetual inventory system and reports the following for the month of June. Date Explanation Units Unit Cost

Find LIFO and Moving-Average

Sandhill Company uses a perpetual inventory system and reports the following for the month of June.

Date

Explanation

Units

Unit Cost

Total Cost

June 1

Inventory

120

$5

$600

12

Purchase

380

6

2,280

23

Purchase

210

7

1,470

30

Inventory

260

Calculate the 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 $9 and a sale of 50 units on June 27 for $10. (Round answers to 0 decimal places, e.g. 125.) image text in transcribedimage text in transcribedimage text in transcribed

Sandhill Company uses a perpetual inventory system and reports the following for the month of June. June 1$ June 12$ June 15$ June 23$ June 27$

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