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Skysong, Inc. uses a periodic inventory system and reports the following for the month of June. Date Explanation Units Unit Cost Total Cost June 1

Skysong, Inc. uses a periodic inventory system and reports the following for the month of June.

Date

Explanation

Units

Unit Cost

Total Cost

June 1

Inventory

130 $5 $ 650

12

Purchase

390 6 2,340

23

Purchase

220 7 1,540

30

Inventory

224

Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average cost. (Round per unit cost to 3 decimal places, e.g. 15.647, and final answers to 0 decimal places, e.g. 5,125.)

FIFO

LIFO

Average-cost

Cost of the ending inventory

Cost of goods sold

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