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Bridgeport Corp. uses a periodic inventory system and reports the following for the month of June. Date June 1 (a) 12 23 30 Explanation Units
Bridgeport Corp. uses a periodic inventory system and reports the following for the month of June. Date June 1 (a) 12 23 30 Explanation Units Unit Cost Inventory $4 Purchases Purchases Inventory 80 320 The cost of goods sold 200 180 The cost of the ending inventory $ 6 LA 8 Total Cost Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average-cost. (For calculation purposes, round average cost to 3 decimal places, e.g. 5.275. Round answers to O decimal places, e.g. 125.) FIFO $320 1,920 1,600 $ LIFO LA LA Average-Cost
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