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Exercise 6-7 Grouper Corp. reports the following for the month of June Units Explanation Inventory Purchases Purchases Inventory Date Unit Cost Total Cost June 1
Exercise 6-7 Grouper Corp. reports the following for the month of June Units Explanation Inventory Purchases Purchases Inventory Date Unit Cost Total Cost June 1 12 23 30 120 361 214 225 $5 600 2,166 1,498 7 Calculate weighted-average unit cost. (Round answer to 3 decimal places, e.g. 5.125.) Weighted-average unit cost $ 6.13 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
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