The following information was available from the inventory records of Covid Company for June. The value assigned to cost of goods sold if Covid uses periodic system with average cost inventory method is

2 points

if Covid uses periodic system with Fist In First Out inventory method is .

Units 30,000 Unit Cost 2.4 Total Cost 72,000 Balance at June 1 Purchases : 6-Jun 26-Jun 2.8 20,000 26,000 56,000 71,500 2.75 Sales : 7-Jun 30-Jun Units 25,000 40,000 Unit Price 6.00 6.10 Total 150,000 244,000