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Kiser Company reports the following for the month of June.
Date Explanation Units Unit Cost Total Cost
June 1 Inventory 125 $5 $625
June 12 Purchase 375 6 2,250
June 23 Purchase 500 7 3,500
June 30 Inventory 200
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 430 units occurred on June 15 for a selling price of $8 and a sale of 370 units on June 27 for $9. (Note: For the average-cost method, round unit cost to three decimal places, e.g. 5.275. Round all answers to 0 decimal places, e.g. 1,514.)
FIFO LIFO Moving Average
Ending Inventory $ $ $
Cost of goods sold $ $ $
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