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BAF Company uses a periodic inventory system and its inventory records for June contain the following information: The company sold 1,000 units during June and
BAF Company uses a periodic inventory system and its inventory records for June contain the following information: The company sold 1,000 units during June and 500 units were in its ending inventory on June 30. If the company uses the LIFO costing method, what is the cost of its ending inventory? ____ If the company uses the FIFO costing method, what is the cost of the ending inventory? _____ If the company uses the weighted average inventory costing method, what is the cost of its ending inventory? _____
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