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Exercise 6-07 al-a2 Martinez Corp. uses a periodic inventory system and reports the following for the month of June. Date June 1 Explanation Inventory Purchases
Exercise 6-07 al-a2 Martinez Corp. uses a periodic inventory system and reports the following for the month of June. Date June 1 Explanation Inventory Purchases Units 120 Unit Cost $5 Total Cost $ 600 12 325 6 1,950 1,610 23 Purchases 230 7 30 Inventory 250 Calculate weighted average unit cost. (Round answer to 3 decimal places, e.g. 5.125.) Weighted average unit cost 4.497 $ LINK TO TEXT LINK TO VIDEO Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average-cost. (Round answers to 0 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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