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Help with B please. Tipp Topp Company reports the following for the month of June. Units Unit Cost Total Cost June 1 300 $5 12
Help with B please.
Tipp Topp Company reports the following for the month of June. Units Unit Cost Total Cost June 1 300 $5 12 450 6 Inventory Purchase Purchase Inventory $1,500 2,700 5,700 23 750 7.60 30 160 (a) Your Answer Correct Answer (Used) Compute the cost of the ending inventory and the cost of goods sold under (1) FIFO and (2) LIFO. FIFO LIFO Ending inventory $ 1.216 $ 800 Cost of goods sold $ 8,684 $ 9,100 (b) Compute the cost of the ending inventory and the cost of goods sold using the average-cost method. (Round per unit cost calculations to 2 decimal places, e.g. 5.25 and final answers to 0 decimal places, e.g. 125.) (b) Compute the cost of the ending inventory and the cost of goods sold using the average-cost method. (Round per unit cost calculations to 2 decimal places, e.g. 5.25 and final answers to 0 decimal places, e.g. 125.) Ending inventory $ Cost of goods sold $ $Step by Step Solution
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