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Skysong, Inc. reports the following for the month of June. Date Explanation Units Unit Cost Total Cost June 1 Inventory 250 $8 $2,000 12 Purchase

Skysong, Inc. reports the following for the month of June.

Date

Explanation

Units

Unit Cost

Total Cost

June 1

Inventory

250

$8

$2,000

12

Purchase

500

9

4,500

23

Purchase

375

10

3,750

30

Inventory

125

Assume a sale of 550 units occurred on June 15 for a selling price of $11 and a sale of 450 units on June 27 for $12.

Calculate the cost of the ending inventory and the cost of goods sold for each cost flow assumption, using a perpetual inventory system. (Round average-cost per unit to 3 decimal places, e.g. 12.520 and final answer to 0 decimal places, e.g. 1,252.)

FIFO

LIFO

Moving-Average Cost

The cost ending inventory

$

$

$

The cost of goods sold

$

$

$

Please leave a coment of how do you get the results. Thanks

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