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You have the following information for Lily Inc. for the month ended June 30, 2022. Lily uses a periodic inventory system. Unit Cost or

You have the following information for Lily Inc. for the month ended June 30, 2022. Lily uses a periodic inventory system. Unit Cost or Date Description Quantity Selling Price June 1 Beginning inventory 40 $46 June 4 Purchase 135 49 June 10 Sale 110 76 June 11 Sale return 15 76 June 18 Purchase 55 June 18 Purchase return 10 June 25 Sale 65 June 28 Purchase 35 325 53 53 82 57

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