For Part 1 of this homework assignment (cost flow assumptions), please use the information below: Description Units Price/Unit 10 30 40 June 1 June 2 June 10 June 12 June 17 June 21 June 29 Beginning Inventory Purchase Purchase Sale Purchase Purchase Sale Total Price $30 $120 $240 $1,200 $490 $500 $1,760 $3 $4 $6 $20 $7 $10 $22 60 70 50 80 Assume the company uses the PERIODIC method for inventory. Additional Information: The ending inventory consists of 15 units purchased on 6/2, 25 units purchased on 6/10, and the remaining units were purchased on 6/21. Saved Question 1 (Mandatory) (5 points) How many units remain in ending inventory as of June 30th? 60 . 140 200 120 Question 2 (Mandatory) (5 points) Saved Assume the company uses Specific Identification for inventory valuation. What will the company report as ending inventory on June 30th? $410 $600 $450 $610 Question 3 (Mandatory) (5 points) Saved Assume the company uses the Average-Cost (Weighted-Average) cost-flow assumption. What will the company report as ending inventory on June 30th? $515 $414 $500 $425 Question 4 (Mandatory) (5 points) Saved Assume the company uses the First-in-First-out (FIFO) cost-flow assumption. What will the company report as ending inventory on June 30th? $570 $575 $525 $500 Question 5 (Mandatory) (5 points) Saved Assume the company uses the Last-in-First-out (LIFO) cost-flow assumption. What will the company report as ending inventory on June 30th? $225 $570 $525 $270 Question 6 (Mandatory) (5 points) Assume the company uses Specific Identification for inventory valuation. What will the company report as Cost of Goods Sold (CGS) for the month of June? $450 $900 $970 $410