INTERSERSION RCES Exercise 6-14 a-b1 (Part Level Submission) Cullumber Company uses a periodic inventory system 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 Purchases 210 7 1,470 30 Inventory 260 1 Part 1 A sale of 400 units occurred on June 15 for a selling price of $7 and a sale of 50 units on June 27 for Your answer is correct. Calculate the average cost per unit, using a perpetual inventory system. (Round intermediate calculations to a decimal places, c.0.5.250 and finalaswers to decima places, 0. 5.125.) on) June 1 June 12 5.76 1 June 15 5.76 Study hure 23 0.00 June 27 0.60 (61) Calculate 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 $7 and a sale of 50 units on June 27 for $8. (Round intermediate calculations and final answers to decimal places, e.g. 125.) FIFO UFO Moving Average The cost of the ending inventory The cost of goods sold