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Flint Corporation uses a periodic inventory system and reports the following for the month of June. Date June 1 (a) 12 23 30 Explanation Units
Flint Corporation uses a periodic inventory system and reports the following for the month of June. Date June 1 (a) 12 23 30 Explanation Units Inventory Purchases Purchases Inventory 92 368 The cost of goods sold 230 210 The cost of the ending inventory Unit Cost $ $4 6 Total Cost Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average-cost. (For calculation purposes, round average cost to 3 decimal places, e.g. 5.275. Round answers to O decimal places, e.g. 125.) $368 FIFO 2,208 1,840 LA LA LIFO 690 LA LA $ Average-Cost 646
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