Tipp Topp Company, which uses the perpetual system, reports the following for the month of June.

					Units		Unit Cost		Total Cost
June	1		Inventory		300		$5.00		$1,500
	12		Purchase		450		6.00		2,700
	23		Purchase		750		7.60		5,700

500 units were sold on June 15, and 840 units were sold on June 25.

Compute the cost of the ending inventory and the cost of goods sold under (1) FIFO and (2) LIFO.

cost of goods sold ending inventory:

(1) FIFO $_____ $_____

(2) LIFO $_____ $_____

Compute the cost of the ending inventory and the cost of goods sold using the moving average method.

Cost of goods sold $_____

Ending inventory $_____