QUESTION 17 5 points Save A A company uses the periodic Inventory system, and the following Information is available. All purchases and sales are on credit. The selling price for the merchandise $11 per unit Date Activities Units Acquired at Cost Units Sold at Retail June 1 Beginning inventory 30 units @ $3 - 590 June 6 Purchase 70 units @ $4 a $280 June 11 Purchase 45 units @ $5 $225 June 12 Sales 100 units sold June 16 Purchase 50 units $6 - $300 June 20 Sales 60 units sold QUESTION 17 5 points Sav A company uses the periodic inventory system, and the following information is available. All purchases and sales are on credit. The selling price for the merchandi $11 per unit Date Activities Units Acquired at Cost Units Sold at Retail June 1 Beginning inventory 30 units @ $3 = $90 June 6 Purchase 70 units @ $4 = $280 June 11 Purchase 45 units @ $5 = $225 June 12 Sales 100 units sold June 16 Purchase 50 units @ $8 $300 June 20 Sales 60 units sold Required: Determine the cost of the ending Inventory and the cost of goods sold for June using the UFO method For the toolbar, press ALT=F10 (PC) or ALT+FN + F10 (Mac), 2 IXO o