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Exercise 6-07 a1-a2 Monty Corp. uses a periodic inventory system and reports the following for the month of June. Date Explanation Inventory Purchases Purchases Inventory

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Exercise 6-07 a1-a2 Monty Corp. uses a periodic inventory system and reports the following for the month of June. Date Explanation Inventory Purchases Purchases Inventory June 1 12 23 30 Units 130 370 220 250 Unit Cost $5 6 7 Total Cost $ 650 2,220 1,540 Calculate weighted-average unit cost. (Round answer to 3 decimal places, e.g. 5.125.) Weighted average unit cost $ Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average-cost. (Round answers to decimal places, e.g. 125.) FIFO LIFO Average-cost The cost of the ending Inventory $ $ $ The cost of goods sold $ Click if you would like to Show Work for this question: Oren Show Work

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