Suppose that Amazon uses a periodic inventory system and reports the following for the month of June: Date June 1 (a) 12 23 30 Explanation Inventory Purchase Purchase Inventory Ending inventory Units Cost of goods sold 180 420 600 224 Unit Cost FIFO $6 7 8 Total Cost 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 O decimal places, e.g. 2,520.) $1,080 2,940 4,800 LIFO LA LA $ AVERAGE-COST

Suppose that Amazon usesa periodicinventory systern and reports the following for the monthof 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 plocek, eg. 5.25 and final answers to 0 decimal places, es 2,520 )