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The data as to purchase and sales of Product B - 1 for June follow. The company uses the perpertual inventory system. All units sell

The data as to purchase and sales of Product B-1 for June follow. The company uses the perpertual inventory system. All units sell for $300 each.
June 1 Beginning Inventory 50 Units @ $204
5 Sales 30 Units
10 Purchase 100 Units @ $220
17 Sales 60 Units
1. Determine the cost of ending inventory for June using the weighter average costing method. Round units costs to cents and your final total to the dollar. $
2. Determine the cost of ending inventory for June using the FIFO method. $
3. Determine the cost of goods sold for June using the FIFO method. $
4. Determine the cost of ending inventory for June using the LIFO method. $
5. Determine the cost of goods sold for June using the LIFO method. $
6. Assuming the FIFO method of inventory used, what is the gross profit for June? $
7. Assuming the LIFO method of inventory used, what is the gross profit for June?

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