GBC Company's record of transactions concerning part X for the month of June was as follows. Purchases Sales units June 1 (balance on hand) 100 @ $5.00 June 5 300 4 400 @ 5.10 12 200 11 300 @ 5.30 27 800 18 200 @ 5.55 28 150 26 600 @ 5.60 30 200 @ 5.80 a. Calculate the Closing Inventory and COGS, using the 9 column schedule format used in class, at June 30 on each of the following bases. Calculate moving average unit costs to 3 decimal places. 1. First-in, first-out (FIFO) 2. Average cost b. The goods were all sold at a price of $10 each. Prepare two income statements (one for FIFO and one for moving average) complete with GP% and MU% Hints: a) Use the examples from class notes to lay out your 9 column schedule b) Lay out your acquisitions and sales in chronological (date) order