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Flint Company reports the following for the month of June. Date Explanation Units Unit Cost Total Cost June 1 Inventory 225 $4 $900 12 Purchase
Flint Company reports the following for the month of June.
Date Explanation Units Unit Cost Total Cost
June 1 Inventory 225 $4 $900
12 Purchase 525 5 2,625
23 Purchase 750 6 4,500
30 Inventory 280
(a) Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average cost. (Round average cost per unit to 2 decimal places, e.g. 5.25 and final answers to 0 decimal places, e.g. 2,520.)
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