Group Work Chapter 8 Purchased Sold Beginning Balance Beg Balance 300 @ $10= $3000 200 @ $24 = $4800 Date June 1 June 10 June 11 June 15 June 20 June 27 800 @$12 = $9600 500 @ $25 = $12,500 500 @ $13 = $6500 300 @ $27 = $8100 1600 Units Available El = 600 Units Part I: Assume a Perpetual Inventory Method and a FIFO cost flow assumption. Complete the following chart and show Cost of Goods Sold and Ending Inventory at June 27th. Date Beg Bal/Purchases Sold (Cost of Goods Sold) Ending Inventory Balance June 1 300 @ $10 300 @ $10=$3000 June 10 June 11 June 15 June 20 June 27 CGS for June on IS = ? Ending Inventory on BS =