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E6.9 parts A, B, C please E6.9 (LO 2) Inventory data for Moath Company are presented in E6.7. Compute inventory and cost of goods sold
E6.9 parts A, B, C please E6.9 (LO 2) Inventory data for Moath Company are presented in E6.7. Compute inventory and cost of goods sold using average-cost. Instructions a. Compute the cost of the ending inventory and the cost of goods sold using the average-cost method. b. Will the results in (a) be higher or lower than the results under (1) FIFO and (2) LIFO? c. Why is the average unit cost not $6? 6-35 Reader Contents Notebook Bookmarks Figures ,11 Verizon 7:18 AM 100% Aa 7 QD E6.7 (LO 2) Moath Company reports the following for the month of June. Compute inventory and cost of goods sold using FIFO and LIFO. Units Unit Cost Total Cost June Inventory 200 $5 $1,000 12 23 Purchase Purchase 400 300 6 7 2,400 2,100 30 Inventory 100 Instructions
E6.9 parts A, B, C please
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