• Required:
• 
  
• Compute the cost of the ending inventory and the cost of goods sold under (1) FIFO, (2) LIFO, and (3) average-cost. (Round average cost per unit to 2 decimal places)

Suppose that Amazon uses a periodic inventory system and reports the following for the month of June Date Explanation Units Inventory 360 Purchase 23 Purchase 30 Inventory June 1 12 840 1,200 448 Unit Cost $8 10 Total Cost $2.880 7,560 12.000