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*Exercise 6-8 Moath Company reports the following for the month of June. Units Unit Cost Total Cost une 1 12 23 30 Inventory Purchase Purchase
*Exercise 6-8 Moath Company reports the following for the month of June. Units Unit Cost Total Cost une 1 12 23 30 Inventory Purchase Purchase Inventory 216 432 324 108 $864 3,456 3,564 $4 Calulate Weighted Average Unit Cost. (Round answer to 2 decimal places, e.g. 15.25.) Weighted Average Unit Cost Compute the cost of the ending inventory and the cost of goods sold using the average-cost method. (Round ansvers to 0 decimal places, e.9. 1,250.) The ending inventory s The cost of goods sold s will the results in (a) be higher or lower than the results under FIFO and LIFO? Ending inventory is than FIFO s than LIFO'S and In contrast, cost of goods sold is than FIFO s and than LIFO $
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