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Swifty Company reports the following for the month of June. Date June 1 Explanation Inventory Purchase Purchase Inventory Units 150 450 Unit Cost $12 13

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Swifty Company reports the following for the month of June. Date June 1 Explanation Inventory Purchase Purchase Inventory Units 150 450 Unit Cost $12 13 Total Cost $1,800 5,850 5,600 12 23 400 14 30 80 Assume a sale of 500 units occurred on June 15 for a selling price of $15 and a sale of 420 units on June 27 for $16. 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. 1,250.) FIFO LIFO Moving-Average Cost The cost ending inventory $ $ $ The cost of goods sold e Textbook and Media Save for Later Attempts: 0 of 3 used Submit Answer Icing multin attamnte willi tuou cor

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