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Exercise 6-07 al-a2 Jeters Company uses a periodic inventory system and reports the following for the month of June. Date June 1 12 Explanation Inventory
Exercise 6-07 al-a2 Jeters Company uses a periodic inventory system and reports the following for the month of June. Date June 1 12 Explanation Inventory Purchases Purchases Inventory Units 120 370 200 230 Unit Cost $5 6 7 Total Cost $ 600 2,220 1,400 23 30 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 o 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: Open Show Work
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