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Headlands Industries uses a periodic inventory system and reports the following for the month of June. Date Explanation Units Unit Cost Total Cost June 1
Headlands Industries uses a periodic inventory system and reports the following for the month of June. Date Explanation Units Unit Cost Total Cost June 1 Inventory 120 $5 $ 600 12 Purchases 390 6 2,340 23 Purchases 190 7 1,330 30 Inventory 235 (a1) Calculate weighted-average unit cost. (Round answer to 3 decimal places, e.g. 5.125.) Weighted-average unit cost eTextbook and Media Save for Later $ Attempts: 0 of 1 used Submit Answer (a2) Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average-cost. (Round answers to O decimal places, e.g. 125.) The cost of the ending inventory $ The cost of goods sold $ eTextbook and Media Save for Later FIFO LIFO Average-cost Attempts: 0 of 1 used Submit
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