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i only need the LIFO please for q18 Question 18 of 22 - 74 III View Policies Current Attempt in Progress Splish Brothers Inc. uses
i only need the LIFO please for q18
Question 18 of 22 - 74 III View Policies Current Attempt in Progress Splish Brothers Inc. uses a periodic inventory system and reports the following for the month of June. Date Explanation Units Unit Cost Total Cost June 1 Inventory 110 $5 $ 550 12 Purchase 390 6 2,340 23 Purchase 190 7 1,330 30 Inventory 194 (a) Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average-cost. (Round per unit cost to 3 decimal places, e.g. 15.647 and final answers to 0 decimal places, e.g. 5,125.) FIFO LIFO Average-cost Beginning inventory 2,820 units at $5 Purchases 7,890 units at $6 Sales 9,280 units at $10 (a) Your answer is correct. Determine cost of goods sold during the period under a periodic inventory system using the FIFO method. FIFO Cost of goods sold during the period $ 52860 e Textbook and Media Attempts: 1 of 5 used (b) Your answer is correct. Determine cost of goods sold during the period under a periodic inventory system using the LIFO method. LIFO Cost of goods sold during the period $ 54290 e Textbook and Media Attempts: 1 of 5 used (c) Determine cost of goods sold during the period under a periodic inventory system using the average-cost method. (Round average- cost per unit to 3 decimal places, eg. 12.502 and final answer to decimal places, e.g. 1.250.) Average-cost Cost of goods sold during the period $ e Textbook and Media Save for Later Attempts:0 of 5 used SubmitStep by Step Solution
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