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fifo lifo and moving average AGTCIS Culver Corporation uses a periodic inventory system reports the following for the month of June. Explanation Date Units Unit
fifo lifo and moving average AGTCIS Culver Corporation uses a periodic inventory system reports the following for the month of June. Explanation Date Units Unit Cost Total Cost 120 $600 June 1 Inventory $5 380 6 12 Purchases 2,28Q 210 23 Purchases 7 1,470 30 270 Inventory A sale of 400 units occurred on June 15 for a selling price of $8 and a sale of 40 units on June 27 for $9. Calculate cost of the ending inventory and the cost of goods sold for each cost flow assumption, using a perpetual inventory system. Assume a sale of 400 units occurred on June 15 for a seling price of $8 and a sale of 40 units on June 27 for $9. (Round answers to 0 decimal places, e.g. 125.) FIFO LIFO Moving-Average The cost of the ending inventory s The cost of goods sold
fifo lifo and moving average
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