Please present responses clearly. Thank you.

Kaleta Company reports the following for the month of June.

Units Unit Cost Total Cost

June 1 Inventory200 $5 $1,000

12 Purchase 400 6 2,400

23 Purchase 300 7 2,100

30 Inventory 100

Calculate Weighted Average Unit Cost. $__________

Compute the cost of the ending inventory and the cost of goods sold using the average-cost method.

The ending inventory $___________

The cost of goods sold $___________

Will the results in (a) he higher or lower than the results under FIFO and LIFO?

Ending inventory is __________ than FIFO $________ and __________than LIFO$ _________

In contrast, cost of goods sold is ___________than FIFO $_________and _______than LIFO $_________