June 1	Beginning Inventory	10	$3	$30
June 2	Purchase	30	$4	$120
June 10	Purchase	40	$6	$240
June 12	Sale	60	$20	$1,200
June 17	Purchase	70	$7	$490
June 21	Purchase	50	$10	$500
June 29	Sale	80	$22	$1,760

• Assume the company uses the PERIODIC method for inventory.
• Additional Information: The ending inventory consists of 15 units purchased on 6/2, 25 units purchased on 6/10, and the remaining units were purchased on 6/21.

  Assume the company uses the First-in-First-out (FIFO) cost-flow assumption. What will the company report as Cost of Goods Sold (CGS) for the month of June?

  Question 8 options:

  	$525
  	$870
  	$570
  	$810

  Question 9 (Mandatory) (5 points)

  Assume the company uses the Last-in-First-out (LIFO) cost-flow assumption. What will the company report as Cost of Goods Sold (CGS) for the month of June?

  Question 9 options:

  	$1,110
  	$270
  	$225
  	$1,170

  Question 10 (Mandatory) (3 points)

  How many units were sold during June?

  Question 10 options:

  	200
  	120
  	60
  	140

  Question 11 (Mandatory) (3 points)

  How many units were available for sale during sale during the month of June?

  Question 11 options:

  	120
  	200
  	140
  	60