Marin Inc. uses a perpetual inventory system reports the following for the month of June. Date Explanation Units Unit Cost Total Cost June 1 Inventory 130 $4 $520 12 Purchases 390 5 1,950 23 Purchases 220 6 1,320 30 Inventory 235

Marin Inc. uses a perpetual inventory system reports the following for the month of June. Date Explanation Units Unit Cost Total Cost June 1 Inventory 130 $4 5 $520 1,950 12 Purchases 390 Purchases 220 1,320 Inventory 235 Calculate the average cost per unit, using a perpetual inventory system. Assume a sale of 450 units occurred on June 15 for a selling price of $7 and a sale of 55 units on June 27 for $8. (Round answers to 3 decimal places, e.g. 5.125.) June 1 $ 4.00 June 12 $ June 15 ta June 23 $ June 27 $ 5.70 e Textbook and Media . Your answer is partially correct. Calculate 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 450 units occurred on June 15 for a selling price of $7 and a sale of 55 units on June 27 for $8. (Round answers to 0 decimal places, e.g. 125.) FIFO LIFO Moving-Average The cost of the ending inventory $ 1395 The cost of goods sold $ 2395