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Plato Company reports the following for the month of June. Date Explanation Units Unit Cost Total Cost June 1 Inventory 225 $5 $1.125 12 Purchase

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Plato Company reports the following for the month of June. Date Explanation Units Unit Cost Total Cost June 1 Inventory 225 $5 $1.125 12 Purchase 525 6 3,150 23 Purchase 750 7 5,250 30 Inventory 330 Calculate the cost of the ending inventory and the cost of goods sold for each cost flow assumption, using a perpetual inventory system Assume a sale of 570 units occurred on June 15 for a selling price of $8 and a sale of 600 units on June 27 for $9. (Round average cost per unit to 3 decimal places, eg. 5.254 and final answers to decimal places, eg. 2,520.) FIFO LIFO Moving Average Cost of the ending inventory 2310 $ 1.950 $ Cost of goods sold 7215 $ 7575 $

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