Sarasota Corp. uses a perpetual inventory system reports the following for the month of June. Date Explanation Units Unit Cost Total Cost June 1 Inventory 150 $4 $600 12 Purchases 350 5 1,750 23 Purchases 210 6 1,260 30 Inventory 240 (a) Your answer is correct. Calculate the average cost per unit, using a perpetual inventory system. Assume a sale of 410 units occurred on June 15 for a selling price of $7 and a sale of 60 units on June 27 for $8. (Round answers to 3 decimal places, e-3.5.125.) June 1 $ 4 June 12 $ 4.70 June 15 $ 4.70 June 23 $ 5.61 June 27 $ 5.61 (61) Calculate cost of the ending inventory and the cost of goods sold for each cost flow assumption, using a perpetual inventory system. Assume a sale of 410 units occurred on June 15 for a selling price of $7 and a sale of 60 units on June 27 for $8. (Round answers to decimal places, e.g. 125.) FIFO LIFO Moving-Average The cost of the ending inventory The cost of goods sold $ eTextbook and Media Save for Later Attempts: 0 of 3 used Submit