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Exercise 6-6 Flounder Corp. reports the following for the month of June. Date Units 113 Unit Cost $5 June 1 Explanation Inventory Purchases Purchases Inventory
Exercise 6-6 Flounder Corp. reports the following for the month of June. Date Units 113 Unit Cost $5 June 1 Explanation Inventory Purchases Purchases Inventory Total Cost $ 565 2,058 1,519 12 343 6 23 7 217 221 30 (a) Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average-cost. (For calculation purposes, round average cost to 3 decimal places, e.g. 5.275. 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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