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Exercise 6-09 al,a2, b Coronado Company reports the following for the month of June. Units Unit Cost Total Cost $8 Inventory Purchase Purchase 250 400
Exercise 6-09 al,a2, b Coronado Company reports the following for the month of June. Units Unit Cost Total Cost $8 Inventory Purchase Purchase 250 400 June 1 12 23 30 9 $ 2,000 3,600 3,500 10 350 130 Inventory 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 0 decimal places, e.g. 1,250.) The ending inventory $ The cost of goods sold $ Will the results in (a) be higher or lower than the results under FIFO and LIFO? Ending inventory is than FIFO S and than LIFO S In contrast, cost of goods sold is than FIFO S and than LIFO S Click if you would like to Show Work for this question: Open Show Work
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