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Grouper Corp. uses a periodic inventory system and reports the following for the month of June. Date June 1 (a) 12 23 30 Explanation Inventory
Grouper Corp. uses a periodic inventory system and reports the following for the month of June. Date June 1 (a) 12 23 30 Explanation Inventory Purchases Purchases Inventory The cost of the ending inventory The cost of goods sold Units eTextbook and Media 122 488 305 285 Unit Cost $ $4 $ 6 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 0 decimal places, e.g. 125.) 8 Total Cost $488 2,928 FIFO 2,440 1390.8 3576 $ $ LA LIFO 2280 3058 $ $ Average-Cost 1824 3251.2 ydy SI
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