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*Exercise 6-8 Kaleta Company reports the following for the month of June. Units Unit Cost June 1 12 23 30 Inventory Purchase Purchase Inventory 290
*Exercise 6-8 Kaleta Company reports the following for the month of June. Units Unit Cost June 1 12 23 30 Inventory Purchase Purchase Inventory 290 580 435 145 Total Cost $1,160 4,060 4,785 $4 Calculate Weighted Average Unit Cost. (Round answer to 2 decimal places, e.g. 15.25.) Weighted Average Unit Cost 4 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 Will the results in (a) be higher or lower than the results under FIFO and LIFO? Ending inventory is than FIFO and than LIFO $ In contrast, cost of goods sold is than FIFO $ and than LIFO $
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