Wilson Lawn & Garden sells lawn and garden equipment and products, including 50-pound bags of fertilizer. Use the following information to determine the cost of goods sold and the value of the ending inventory of fertilizer bags under each of the designated cost flow assumptions. Wilson uses a periodic inventory system.

DATE	PER UNIT	TOTAL
June 1 Balance	300 bags at $10 per bag	$ 3,000
June 10 Sold	200 bags at $24 per bag	$ 4,800
June 11 Purchased	800 bags at $12 per bag	$ 9,600
June 15 Sold	500 bags at $25 per bag	$ 12,500
June 20 Purchased	500 bags at $13 per bag	$ 6,500
June 27 Sold	300 bags at $27 per bag	$ 8,100

LIFO Cost of Goods Sold During June: ?

June 30 Ending Inventory Value: ?

FIFO Cost of Goods Sold During June: ?

June 30 Ending Inventory Value: ?

Units LIFO $ FIFO $

Beginning Inventory

+ Purchases ________ _________ _________

Available for Sale

-Ending Inventory ________ _________ _________

Cost of Goods Sold

LIFO $ FIFO $

Sales

Less: Cost of Goods Sold __________ _________

Gross Profit

Gross Profit %