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Exercise 6-8 Moath Company reports the following for the month of June. Total Cost $1,360 3,808 4,896 UnitsUnit Cost June 1 Inventory 12Purchase 23Purchase Inventory
Exercise 6-8 Moath Company reports the following for the month of June. Total Cost $1,360 3,808 4,896 UnitsUnit Cost June 1 Inventory 12Purchase 23Purchase Inventory 272 544 408 136 $5 12 30 Calulate Weighted Average Unit Cost. (Round answer to 2 decimal places, e.g. 15.25.) Weighted Average Unit Cost LINK TO TEXT 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 LINK TO TEXT 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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