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Kimberly Company reports the following for the month of June. Date Explanation Units Unit Cost Total Cost June 1 Inventory 440 $5 $2,200 12 Purchase

Kimberly Company reports the following for the month of June.

Date Explanation Units Unit Cost Total Cost

June

1

Inventory

440 $5 $2,200

12

Purchase

740 6 4,440

23

Purchase

940 7 6,580

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 810 units occurred on June 15 for a selling price of $8 and a sale of 840 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

Cost of goods sold

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