Question: I will leave a thumbs up. Exercise 6-14 a-b1 (Part Level Submission) Larkspur, Inc. uses a periodic inventory system reports the following for the month

I will leave a thumbs up. I will leave a thumbs up. Exercise 6-14 a-b1 (Part Level

Exercise 6-14 a-b1 (Part Level Submission) Larkspur, Inc. uses a periodic inventory system reports the following for the month of June. Date Explanation Units Unit Cost Total Cost June 1 Inventory $5 $650 12 Purchases 370 6 2,220 23 Purchases 200 7 1,400 30 Inventory 250 130 A sale of 400 units occurred on June 15 for a selling price of $8 and a sale of 50 units on June 27 for $9. (61) Calculate 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 50 units on June 27 for $9. (Round Intermediate calculations and final answers to decimal places, eg. 125.) FIFO LIFO Moving Average The cost of the ending Inventory $ The cost of goods sold $

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