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is inventory information for the month of June to answer the following Use thi question 29. June 1 Beginning inventory 10 units@$120 5 Purchase 21
is inventory information for the month of June to answer the following Use thi question 29. June 1 Beginning inventory 10 units@$120 5 Purchase 21 Purchase 60 units $112 0 units @ $116 30 Sale 68 units What is cost of goods sold on a LIFO basis? A) $7,696 B) $7,736 C) S3,664 D) $3,704 30. Use this inventory information for the month of June to answer the following question. June 1 Beginning inventory 5 Purchase 21 Purchase 10 units@ $120 60 units @ $112 0 units @ $116 30 Sale 68 units What is cost of goods sold under the average-cost method? A) $3,648 B) $7,752 C) $3,712 D) $7,888
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