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Exercise 6-9 Blue Spruce Corp. uses the periodic inventory system and reports the following for the month of June. Units Unit Cost $6 June 1
Exercise 6-9 Blue Spruce Corp. uses the periodic inventory system and reports the following for the month of June. Units Unit Cost $6 June 1 410 820 Total Cost $ 2,460 7,380 7,380 12 Inventory Purchase Purchase Inventory 9 23 615 12 30 205 Your answer is correct. Calculate Weighted Average Unit Cost. (Round answer to 2 decimal places, e.g. 15.25.) Weighted Average Unit Cost 9.333 LINK TO TEXT Your answer is partially correct. Try again. 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 1913.265 The cost of goods sold 1912.65 Your answer is partially correct. Try again. Will the results in (a) be higher or lower than the results under FIFO and LIFO? X lower Ending inventory is higher than LIFO $ than FIFO $ and X X In contrast, cost of goods sold is higher lower than FIFO $ and than LIFO $ Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT
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