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Exercise 6-09 ai, a2, b Vaughn Company reports the following for the month of June. Units Unit Cost Total cost $8 June 1 12 Inventory

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Exercise 6-09 ai, a2, b Vaughn Company reports the following for the month of June. Units Unit Cost Total cost $8 June 1 12 Inventory Purchase 230 450 9 $ 1,840 4,050 3,200 23 10 Purchase Inventory 320 100 30 Calulate Weighted Average Unit Cost. (Round answer to 2 decimal places, e.g. 15.25.) Weighted Average Unit Cost Compute the cost of the ending inventory and the cost of goods sold using the average-cost method. (Round answers to o decimal places, e.g. 1,250.) The ending Inventory The cost of goods sold Compute the cost of the ending inventory and the cost of goods sold using the average-cost method. (Round answers to o decimal places, e.g. 1,250.) The ending inventory The cost of goods solds Will the results in (a) be higher or lower than the results under FIFO and LIFO? Ending inventory is than FIFO $ than LIFO $ In contrast, cost of goods sold is than FIFO $ than LIFO $

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