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Bramble Corp. uses the periodic inventory system and reports the following for the month of June. Units Total Cost June 1 12 23 30 Inventory

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Bramble Corp. uses the periodic inventory system and reports the following for the month of June. Units Total Cost June 1 12 23 30 Inventory Purchase Purchase Inventory 330 660 495 165 Unit Cost $5 9 10 $1,650 5,940 4,950 Calculate Weighted Average Unit Cost. (Round answer to 2 decimal places, e.g. 15.25.) Weighted Average Unit Cost $ Compute the cost of the ending inventory and the cost of goods sold using the average-cost method. (Round answers to decimal places, e.g. 1,250.) $ The ending inventory The cost of goods sold $ eTextbook and Media Will the results in (a) be higher or lower than the results under FIFO and LIFO? Ending inventory is than FIFO $ and than LIFO $ In contrast, cost of goods sold is than FIFO $ and than LIFO $

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