1. Sunland Corporation sells item A as part of its product line. Information as to balances on hand, purchases, and sales of item A are given in the following table for the first six months of 2020.

	Quantities
Date	Purchased	Sold	Balance	Unit Price of Purchase
January 11	-		360	$4.5
January 24	1,240	-	1,600	$4.8
February 8	-	370	1,230	-
March 16	600	-	1,830	$5.4
June 11	-	680	1,150	-

Using Perpetual System:

3. Compute the cost of goods sold and ending inventory at June 30 under the moving average inventory pricing method. (Round the unit cost to two decimal places, and the total cost to the whole dollar.)