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Exercise 6-07 al-a2 Monty Corp. uses a periodic inventory system and reports the following for the month of June. Units Unit Cost Date June 1
Exercise 6-07 al-a2 Monty Corp. uses a periodic inventory system and reports the following for the month of June. Units Unit Cost Date June 1 130 Explanation Inventory Purchases Purchases Inventory Total Cost $ 650 2,220 1,540 370 220 30 250 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 s The cost of goods sold Click if you would like to Show Work for this question: Open Show Work
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