Yount Company reports the following for the month of June.

Instructions(a) Calculate the cost of the ending inventory and the cost of goods sold for each cost flow assumption, using a perpetual inventory system. Assume a sale of 400 units occurred on June 15 for a selling price of $8 and a sale of 480 units on June 27 for $9.(b) How do the results differ from E6-6 and E6-8?(c) Why is the average unit cost not $6 [($5 + $6 + $7) ÷ 3 =$6]?

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Unit Cost Date Total Cost $1,000 1.800 3,500 Explanation Units 200 300 June 1 12 23 $5 Inventory Purchase Purchase Inventory 7 500 120 30