Quantity Purchases: 3/06/2020 15/06/2020 FIFO, LIFO and Weighted average Narendra Air Conditioning records its inventory of air conditioners by using a periodic inventory system. The following details are supplied for one popular make and model for the month of June 2020. Ignore GST. On hand as at 1 June 2020 Total Costs Unit Cost $50,000 500 $100 600 $105 $63,000 $48,000 22/06/2020 400 $120 $65,000 Available for sale 500 $130 $226,000 Sold 2,000 ? Ending Inventory 900 ? 1,100