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Exercise 210 Johnson Company reports the following for the month of June Unit Cost Total Cost $1,125 3,150 5,250 Date Explanation Units June Inventory 12
Exercise 210 Johnson Company reports the following for the month of June Unit Cost Total Cost $1,125 3,150 5,250 Date Explanation Units June Inventory 12 Purchase 23 Purchase 30 Inventory 225 525 750 280 Your answer is partially correct. Try again. Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average cost. (Round average cost per unit to 2 decimal places, e.g. 5.25 and final answers to 0 decimal places, e.g. 2,520.) FIFO LIFO AVERAGE COST Ending inventory 3,290 1,455 1,778 Cost of goods sold 6,235 8,070 7,747
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