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Headlands Industries reports the following for the month of June. Date Explanation Units Unit Cost Total Cost June 1 Inventory 132 $5 $ 660 12
Headlands Industries reports the following for the month of June.
Date | Explanation | Units | Unit Cost | Total Cost | ||||
---|---|---|---|---|---|---|---|---|
June 1 | Inventory | 132 | $5 | $ 660 | ||||
12 | Purchases | 392 | 6 | 2,352 | ||||
23 | Purchases | 190 | 7 | 1,330 | ||||
30 | Inventory | 235 |
Calculate weighted-average unit cost. (Round answer to 3 decimal places, e.g. 5.125.)
Weighted-average unit cost | $enter a weighted-average unit cost in dollars |
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Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average-cost. (Round answers to 0 decimal places, e.g. 125.)
FIFO | LIFO | Average-cost | ||||
---|---|---|---|---|---|---|
The cost of the ending inventory | $enter a dollar amount | $enter a dollar amount | $enter a dollar amount | |||
The cost of goods sold | $enter a dollar amount | $enter a dollar amount | $enter a dollar amount |
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