NEEDS HELP

(C) LIFO

Assume a company had the following transactions for their inventory for the month of June. L Beginning Inventory, June 1 5 units @ $60 cost per unit = $ 300 June 10, Purchase 15 units @ $70 cost per unit = $ 1,050 June 15, Sale 8 units @ $200 price per unit $ 1,600 June 20, Purchase 5 units @ $76 cost per unit 11 11 $ 380 Ending Inventory, June 30 = 17 units 1. Calculate Cost of Ending Inventory (E/I) and Cost of Goods Sold (COGS) using each of the following methods: a. Average Cost b. First-In, First-Out (FIFO)