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Concord Corporation uses a periodic inventory system and reports the following for the month of June. Date Units Unit Cost $5 Total Cost 110 June
Concord Corporation uses a periodic inventory system and reports the following for the month of June. Date Units Unit Cost $5 Total Cost 110 June 1 12 Explanation Inventory Purchase Purchase Inventory 350 6 $ 550 2,100 1,330 23 7 190 193 30 (a) Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average-cost. (Round per unit cost to 3 decimal places, e.g. 15.647 and final answers to 0 decimal places, e.g. 5,125.) FIFO LIFO Average-cost Cost of the ending inventory $ $ $ Cost of goods sold $ $
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