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Exercise 6 07 al-a2 Pronghorn Corp uses a periodic inventory system and reports the following for the month of June. Date June 1 12 23
Exercise 6 07 al-a2 Pronghorn Corp uses a periodic inventory system and reports the following for the month of June. Date June 1 12 23 Unit Cost $5 Total Cost $ 600 Explanation Inventory Purchases Purchases Inventory Units 120 320 200 240 6 1,920 1,400 7 30 Calculate weighted average unit cost. (Round answer to 3 decimal places, e.g. 5.125.) Weighted average unit cost $ 6.125 Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average-cost. FIFO LIFO Average-cost The cost of the ending inventory $ The cost of goods sold $
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