Pina Ltd. reports the following inventory transactions in a periodic inventory system for the month of June. A physical inventory count determined that 1,600 units were on hand at the end of the month. Date June 1 12 16 23 Explanation Beginning inventory Purchases Purchases Purchases Units 1,350 2,360 4,410 1,550 Units Cost $6 7 FIFO 8 9 Total Cost $8,100 16,520 35,280 13,950 Determine the cost of the ending inventory and cost of goods sold using (1) FIFO and (2) average cost. (Round FIFO answers to the nearest whole dollar, e.g. 5,275 and Average cost answers to 2 decimal places, e.g. 15.25. Round unit cost to 6 decimal places. e.g. 15.243876.) Average

Pina L.td. reports the following imventory transactions in a periodic inventory system for the month of June. A physicalinventory count determined that 1,600 units were on hand at the end of the month, Determine the cost of the ending inventory and cost of goods sold using (1) FiFO and (2) average cost. (Round FIFO answers to the nearest whole dollar, es. 5,275 and Average cost answers to 2 decimal places, eg. 15.25, Round unit cost to 6 decimal places, es. 15.243876)