P.B. Inventory Costing Methods-Periodic Method The Shiloh Company uses the periodic inventory sys- LO tem for its merchandise inventory. The June 1 inventory for one of the items in the merchandise inven- tory consisted of 60 units with a unit cost of $45. Transactions for this item during June were as follows: June 5 Purchased 40 units @ $50 per unit. 13 Sold 50 units @ $95 per unit. 25 Purchased 30 units @ $53 per unit. 29 Sold 20 units@$100 per unit. Required d Compute the cost of goods sold and the ending inventory cost for the month of June using the weighted-average cost method. Round the cost per unit to 3 decimal places and round your final answers to the nearest dollar