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Kingbird, Inc. reports the following for the month of June. Unit Date Explanation Units Cost Total Cost June 1 Inventory 400 $6 $2,400 12 Purchase

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Kingbird, Inc. reports the following for the month of June. Unit Date Explanation Units Cost Total Cost June 1 Inventory 400 $6 $2,400 12 Purchase 800 7 5,600 23 Purchase 600 8 4,800 30 Inventory 200 Assume a sale of 880 units occurred on June 15 for a selling price of $9 and a sale of 720 units on June 27 for $10. X Your answer is incorrect. Calculate cost of goods available for sale. The cost of goods available for sale $ 1600Calculate Moving-Average unit cost for June 1, 12, 15, 23 & 27. (Round answers to 3 decimal places, e.g. 2.525.) June 1 1600 June 12 $ 5600 June 15 $ June 23 $ 6000 June 27 $ 13200 eTextbook and Media - Your answer is partially correct. Calculate the cost of the ending inventory and the cost of goods sold for each cost flow assumption, using a perpetual inventory system. (Round average-cost per unit to 3 decimal places, e-g. 12.520 and final answer to O decimal places, e.g. 1,252.) FIFO LIFO Moving-Average Cost The cost ending inventory $ 1600 1600 1600 The cost of goods sold $ 1600 1600 1600

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