Eastland 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 June15 for a selling price of $8 and a sale of 440 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) ÷ 5$6]?

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Total Cost $1,000 1,800 3,500 Date Explanation Inventory Purchase Purchase Inventory Units 200 300 500 160 Unit Cost Junc 1 12 23 30 $5 6 7