QUESTION 3 23 Jones Ltd reports the following for the month of June. Date Explanation Units Unit cost Total cost Jun-01 Opening balance 195 $11 $2,145 12 Purchases 320 11. $3,520 Purchases 460 14 $6,440 30 Closing balance 175 Required Assuming the company uses the periodic inventory system, calculate cost of the ending inventory and the cost of sales under a) FIFO b) LIFO c) Average cost. (Round average cost per unit calculations to 2 decimal places, e.g. 12.36 and final answers to 0 decimal places, e.g. 2,347.)