Yount Company reports the following for the month of June.
- Date Explanation Units Unit Cost Total Cost
- June 1 Inventory 200 $8.95 $1,790
- 12 Purchase 300 $9.95 $2,985
- 23 Purchase 500 $10.95 $5,475
- 30 Inventory 120
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 $12 and a sale of 480 units on June 27 for $13. (Round moving-average unit cost to 3 decimal places, e.g. 2.250. Round final answers to 0 decimal places, e.g. 125.)
- FIFO LIFO Moving-Average
- Ending Inventory ? ? ?
- Cost of Goods Sold ? ? ?