Teal Mountain Inc, uses a periodic vertory system reports the folowing for the month of June Explanation Unit Cast June1 Inventory 140 $5 Total Cost $700 12 Purchases 2,160 23 Purchase 30 Inventory 220 270 1,540 A sale of 400 units occurred on June 15 for selling price of $7 and a sale *(a) Your answer is correct Calculate the average cost June 18 June 12 72 June 157 June 23600 27600 ventory system, (Round June 27 for wery to 3 decimal places (61) Ceulate cest of the ending investory and the cost of goods sold for each cost flow sumption, unga perpetual inventory system Assume a sale of 400 units scoured on June 15 for a selling price c The cost of the ending inventory The cut of gas s FIPO LIPO