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Eastland Company reports the following for the month of June. Date Explanation Units Unit cost Total cost Jun-01 Inventory 252 4 1,008 12 Purchase 378
Eastland Company reports the following for the month of June.
Date | Explanation | Units | Unit cost | Total cost |
Jun-01 | Inventory | 252 | 4 | 1,008 |
12 | Purchase | 378 | 9 | 3,402 |
23 | Purchase | 630 | 12 | 7,560 |
30 | Inventory | 202 |
Compute the cost of the ending inventory and the cost of goods sold under FIFO and LIFO.
Do not copy from Chegg, otherwise, I have to report the answer.
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