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Part IV. (12 points) Mark & Friends had the following information related to inventory for the month of June: Beginning balance June 1 100 $2.00

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Part IV. (12 points) Mark & Friends had the following information related to inventory for the month of June: Beginning balance June 1 100 $2.00 each Purchases for June June 3 550 $2.40 each June 7 300 $3.00 each June is 450 54.50 each The company uses a periodic Inventory system, and a physical count indicated that there were 300 units remaining in Inventory at the end of June. Calculate the amount of (1) ending inventory and 121 cost of goods sold using each of the following inventory costs listed below. Be sure to label your answers clearly and carefully! You must show your work to receive credit. 1. FIFO Ending Inventory Cost of Goods Sold 2 LIFO Ending Inventory: Cost of Goods Sold: 3. Weighted Average Ending Inventory: Cost of Goods Sold

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