Suppose that Amazon uses a periodic inventory system and reports the following for the month of June: Date June 1 (a) 12 23 30 Ending inventory Cost of goods sold Explanation Inventory Purchase Purchase Inventory $ SA Units FIFO 225 525 750 280 Unit Cost $3 4 5 Compute the cost of the ending inventory and the cost of goods sold under (1) FIFO, (2) LIFO, and (3) average-cost. (Round average cost per unit to 2 decimal places, e.g. 5.25 and final answers to 0 decimal places, e.g. 2,520.) tA Total Cost A $675 2,100 3,750 LIFO tA $ AVERAGE-COST

Suppose that Amazon uses a periodic inventory system and reports the following for the month of June: (a) Compute the cost of the ending inventory and the cost of goods sold under (1) FIFO, (2) LIFO, and (3) average-cost. (Round average cost per unit to 2 decimal places, e.s. 5.25 and final answers to 0 decimal places, e.3. 2,520.) Suppose that Amazon uses a periodic inventory system and reports the following for the month of June: (a) Compute the cost of the ending inventory and the cost of goods sold under (1) FIFO, (2) LIFO, and (3) average-cost. (Round average cost per unit to 2 decimal places, e.s. 5.25 and final answers to 0 decimal places, e.3. 2,520.)