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Jennifer Company reports the following for the month of June. Date Explanation Units Unit Cost Total Cost June 1 Inventory 500 $5 $2,500 12 Purchase

Jennifer Company reports the following for the month of June.

Date Explanation Units Unit Cost Total Cost

June

1

Inventory

500 $5 $2,500

12

Purchase

800 6 4,800

23

Purchase

1,000 7 7,000

Calculate the 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 870 units occurred on June 15 for a selling price of $8 and a sale of 900 units on June 27 for $9. (Round average cost per unit to 3 decimal places, e.g. 5.254 and final answers to 0 decimal places, e.g. 2,520.)

FIFO LIFO Moving Average

Cost of the ending inventory

$enter the cost of the ending inventory in dollars under FIFO method $enter the cost of the ending inventory in dollars under LIFO method $enter the cost of the ending inventory in dollars under moving average method

Cost of goods sold

$enter the cost of the goods sold in dollars under FIFO method $enter the cost of the goods sold in dollars under LIFO method $enter the cost of the goods sold in dollars under moving average method

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