Parkville Ltd is a wholesale distribution business that sells bottled water to supermarkets. The following information related to the business's activities during June 2020.

1 June Opening Inventory 2,000 bottles @ $0.96

7 June Sales 800 bottles @ $1.30

12 June Purchases 1,200 bottles @ $1.10

19 June Sales 900 bottles @ $1.38

23 June Purchases 1,500 bottles @ $1.15

29 June Sales 1,000 bottles @ $1.42

Question:

If the company uses the perpetual inventory method, calculate cost of goods sold, and ending inventory using the First-in First-out method.

When you calculate unit cost, keep two digits after decimal.

When you calculate the cost of goods sold and the cost of inventory, round up to the nearest dollar.

Show all workings.