Using the info from 6.7 please answer 6.14.

E6.7 (LO 2), AP Jeters Company uses a periodic inventory system and reports the following for the month of June. Compute inventory and cost of goods sold using periodic FIFO, LIFO, and average-cost. Units Unit Cost Date June 1 Total Cost $ 600 120 Explanation Inventory Purchase Purchase Inventory $5 6 12 370 200 2,220 1,400 23 7 30 230 Instructions 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 unit cost to three decimal places.) b. Which costing method gives the highest ending inventory? The highest cost of goods sold? Why? c. How do the average-cost values for ending inventory and cost of goods sold relate to ending inventory and cost of goods sold for FIFO and LIFO? d. Explain why the average cost is not $6. *E6.14 (LO 4), AP Inventory data for Jeters Company are presented in E6.7. Calculate inventory and cost of goods sold using three cost flow methods in a perpetual inventory system. Instructions a. Calculate the cost of the ending inventory and the cost of goods sold for each cost flow assumption, using a perpetual inventory system. Assume a sale of 410 units occurred on June 15 for a selling price of $8 and a sale of 50 units on June 27 for $9. (Note: For the moving-average method, round unit cost to three decimal places.) b. How do the results differ from E6.7? c. Why is the average unit cost not $6 [($5 + $6 + $7) = 3 = $6]