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Current Attempt in Progress Sage Hill Inc. uses a periodic inventory system and reports the following for the month of June. Date June 1 12
Current Attempt in Progress Sage Hill Inc. uses a periodic inventory system and reports the following for the month of June. Date June 1 12 Explanation Inventory Purchases Purchases Inventory Units 104 416 Unit Cost $4 Total Cost $ 416 2,496 2,080 6 260 8 23 30 240 (a) 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 0 decimal places, e.g. 125.) FIFO LIFO Average-Cost The cost of the ending inventory $ $ $ The cost of goods sold $ $ $
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