Question: ('$) ('$) Unit. Total Balance Date Explanation Units. Cost Cost in Units Jun-01 Beginning inventory. 50 1.0 50 50 Jun-06 Purchase 50 1.2 60 100

('$) ('$) Unit. Total Balance Date Explanation Units. Cost Cost in Units Jun-01 Beginning inventory. 50 1.0 50 50 Jun-06 Purchase 50 1.2

('$) ('$) Unit. Total Balance Date Explanation Units. Cost Cost in Units Jun-01 Beginning inventory. 50 1.0 50 50 Jun-06 Purchase 50 1.2 60 100 Jun-10 Sales 60 40 Jun-13 Purchase 150 1.4 210 190 Jun-20 Purchase 100 1.6 160 290 Jun-25 Purchase 150 1.8 270 440 Jun-30 Sales 200 240 FIFO Periodic System COGS: Ending Inventory: Average Cost Periodic System COGS: Ending Inventory: FIFO Previous System COGS: Ending Inventory: Average Cost Previous System COGS: Ending Inventory

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