Hutch Company reports the following for the month of June.

Date Explanation Units Unit Cost Total Cost

June 1 Inventory 120 $5 600

12 Purchase 370 6 2,220

23 Purchase 500 7 3.500

30 Inventory 160

Instructions (a) Compute the cost of the ending inventory and the (b) cost of goods sold under

(1) FIFO Cost of Ending Inventory _____________Cost of Goods Sold ______________

(2) LIFO Cost of Ending Inventory _____________Cost of Goods Sold ______________

(3) average-cost round to three decimal places Cost of Ending Inventory _____________Cost of Goods Sold ______________