Do not give answer in image Calculate the cost of the ending inventory and the cost of goods sold for each cost flow assumption, using a perpetual inventorysystem. Assume a sale of 400 units occurred on June 15 for a selling price of $7 and a sale of 50 units on June 27 for $8. (Roundanswers to 0 decimal places, e.g. 125.)Cost of the endinginventoryCost of goods sold$$FIFO$+A$LIFO$$Moving-Average Sunland Company uses a perpetual inventory system and reports the following for the month of June.DateJune 1(a1)12 Purchase3023 PurchaseExplanation Units Unit CostJune 1InventoryJune 12June 15June 23InventoryYour answer is correct.$$LA140LA360Calculate the weighted-average cost per unit, using a perpetual inventory system. Assume a sale of 400 units occurred on June 15for a selling price of $7 and a sale of 50 units on June 27 for $8. (Round intermediate calculations to O decimal places, e.g. 152 and finalanswers to 3 decimal places, e.g. 5.125.)June 27 $2202705.725.726.6$56.6Total Cost$7002,1601,540

Under the FIFO method, the oldest products in inventory have been sold first.Under the LIFO method,…

Sunland Company uses a perpetual inventory system and reports the following for the month of June. Date June 1 (a1) 12 23 30 Explanation Units Unit Cost Inventory Purchase June 1 Purchase Inventory 140 360 220 Your answer is correct. 270 June 27 $ $ June 12 $ 5.72 HP June 15 $ 5.72 June 23 $ 5 $5 6.6 6 6.6 7 Calculate the weighted-average cost per unit, using a perpetual inventory system. Assume a sale of 400 units occurred on June 15 for a selling price of $7 and a sale of 50 units on June 27 for $8. (Round intermediate calculations to O decimal places, e.g. 152 and final answers to 3 decimal places, e.g. 5.125.) Total Cost $700 2,160 1,540