Bramble Company reports the following for the month of June. Units Unit Cost Total Cost June...
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Bramble Company reports the following for the month of June. Units Unit Cost Total Cost June 1 Inventory 290 $5 $1,450 12 Purchase 400 6 2,400 23 Purchase 300 7 2,100 30 Inventory 130 330 (a) Your answer has been saved. See score details after the due date. Compute the cost of the ending inventory and the cost of goods sold under FIFO and LIFO. (b) FIFO Cost of the ending inventory $ Cost of goods sold in 910 LIFO 650 5040 $ 5300 Which costing method gives the higher ending inventory? Save for Later Attempts: 1 of 1 used Attempts: 0 of 1 used Submit Answer Bramble Company reports the following for the month of June. Units Unit Cost Total Cost June 1 Inventory 290 $5 $1,450 12 Purchase 400 6 2,400 23 Purchase 300 7 2,100 30 Inventory 130 330 (a) Your answer has been saved. See score details after the due date. Compute the cost of the ending inventory and the cost of goods sold under FIFO and LIFO. (b) FIFO Cost of the ending inventory $ Cost of goods sold in 910 LIFO 650 5040 $ 5300 Which costing method gives the higher ending inventory? Save for Later Attempts: 1 of 1 used Attempts: 0 of 1 used Submit Answer
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