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E7-4 Calculating Cost of Ending Inventory and Cost of Goods Sold under Periodic FIFO, LIFO, and Weighted Average Cost [LO 7-3] Spotter Corporation reported the

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E7-4 Calculating Cost of Ending Inventory and Cost of Goods Sold under Periodic FIFO, LIFO, and Weighted Average Cost [LO 7-3] Spotter Corporation reported the following for June in its periodic inventory records. Description Units Unit Cost Total Cost June 1 Beginning $ 9.80 $147.00 11 Purchase 56 10.80 604.80 24 Purchase 29 12.80 371.20 30 Ending 33 Date 15 Required: 1. Calculate the cost of ending inventory and the cost of goods sold under the (a) FIFO, (b) LIFO, and (c) weighted average cost methods. (Do not round your intermediate calculations, Round "Weighted Average Cost" to 2 decimal places.) Cost of Ending Cost of Goods Inventory Sold s 1.123.00 FIFO LIFO Weighted Average Cost

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