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June, the following changes in an inventory item took place June 1 Balance 1,400 units $4 14 Purchased 24 Purchased 800 units s5 700 units

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June, the following changes in an inventory item took place June 1 Balance 1,400 units $4 14 Purchased 24 Purchased 800 units s5 700 units $8 8 Sold 10 Sold 400 units 7 1.000 units@ $6 Instructions a Estimate the COGS and the ending inventory under LIFO Perpetual inventories b. Estimate the COGS and the ending inventory under Periodic weighted average

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