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Exercise 6-7 Sarasota Corp. reports the following for the month of June Units 131 377 206 218 Date Explanation Inventory Purchases Purchases Inventory Unit Cost

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Exercise 6-7 Sarasota Corp. reports the following for the month of June Units 131 377 206 218 Date Explanation Inventory Purchases Purchases Inventory Unit Cost Total Cost $5 June 1 12 23 30 $655 2,262 1,442 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 0 decimal places, e.g. 125.) FIFO LIFO Average-cost The cost of the ending inventory The cost of goods sold By accessing this Question Assistance, vou will learn while you earn points based on the Point Potential Policy set by your instructor

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