Current Attempt in Progress Sarasota Ltd. reports the following inventory transactions in a periodic inventory system for the month of June. A physical inventory count determined that 1,480 units were on hand at the end of the month. Date June 1 12 16 23 Explanation Beginning inventory Purchases Purchases Purchases Ending inventory Cost of goods sold $ $ Units FIFO 1,530 2,090 4,740 1,380 Units Cost $ $6 $ 7 8 Determine the cost of the ending inventory and cost of goods sold using (1) FIFO and (2) average cost. (Round FIFO answers to 0 decimal places, e.g. 5,275 and Average cost answers to 2 decimal places, e.g. 5,275.25.) 9 Total Cost $9,180 14,630 37,920 12,420 Average Cost SUP

Sarasota Ltd, reports the following inventory transactions in a periodic inventory system for the month of June. A physical inventory count determined that 1,480 units were on hand at the end of the month. Determine the cost of the ending inventory and cost of goods sold using (1) FIFO and (2) average cost. (Round FIFO answers to O decimal places, e.g. 5,275 and Average cost answers to 2 decimal places, e.g. 5,275.25.)