Phoenix Inc.s inventory records show the following data for purchases and sales of units.

Date		Units	Unit Cost
June 1	Inventory	440	$20.50
June 5	Purchases	4,000	20.80
June 11	Sales	2,000
June 19	Purchases	3,200	21.00
June 25	Sales	3,400

Assuming that Phoenix maintains a perpetual inventory system, compute ending inventory on June 30 under moving average. Note: Enter the answers for unit cost in dollars and cents, rounded to the nearest penny. Use the rounded amounts for later calculations. In other words, use a unit cost of $20.85 instead of $20.84567. Note: Do not use negative signs with any of your answers.

	Moving-Average Method
		Purchases			Cost of Sales			Inventory Balance
			Unit	Total		Unit	Total		Unit	Total
	Date	Units	Cost	Cost	Units	Cost	Cost	Units	Cost	Cost
	June 1							440	$20.50	$9,020
	June 5	Answer	Answer	Answer				Answer	Answer	Answer
	June 11				Answer	Answer	Answer	Answer	Answer	Answer
	June 19	Answer	Answer	Answer				Answer	Answer	Answer
	June 25				Answer	Answer	Answer	Answer	Answer	Answer

	Ending Inventory	Answer