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Fenning Pty Ltd reports the following for the month of June. Date Explanation Units Unit cost Total cost June 1 Inventory 180 $9 $1,620 12
Fenning Pty Ltd reports the following for the month of June. Date Explanation Units Unit cost Total cost June 1 Inventory 180 $9 $1,620 12 Purchases 300 11 3,300 23 Purchases 510 15 7,650 30 Inventory 160 Required Calculate cost of the ending inventory and the cost of sales under FIFO, LIFO and average cost.
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