Question: This is an extra practice question but there is no answer key. I would like to compare my answers to a proper solution. XYZ Inc.

This is an extra practice question but there is no answer key. I would like to compare my answers to a proper solution.

This is an extra practice question but there is no answer key.

XYZ Inc. uses the average cost formula in a perpetual inventory system. (Use unrounded numbers in your calculations but round to the nearest cent for presentation purposes in your answer.) Jun 1 Beginning inventory 20 units @ $19.00 per unit Jun 5 Purchase 105 units @ $21.00 per unit Jun 8 Sale 75 units Jun 9 Purchase 50 units @ 22.00 per unit Jun 10 Sale 20 units Jun 22 Sale 40 units 1. The cost of goods sold for the June 8 sale is 2. The cost of goods sold for the June 10 sale is 3. XYZ Inc. has an ending inventory on June 30 of units and $ 4. If XYZ Inc. used the FIFO cost formula, instead of average, ending inventory on June 30 would be units and $

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