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

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Jennifer Company reports the following for the month of June. Date Explanation Units Unit Cost Total Cost June 1 $5 $2,500 Inventory Purchase Purchase 500 800 12 6 4,800 23 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, eg. 5.254 and final answers to decimal places, es 2,520.) FIFO LIFO Moving Average Cost of the ending inventory $ $ $ Cost of goods sold $ $ $

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