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Ivanhoe Company reports the following for the month of June. Date Explanation Units Unit Cost Total Cost June 1 Inventory 123 $5 $ 615 12
Ivanhoe Company reports the following for the month of June.
Date | Explanation | Units | Unit Cost | Total Cost | ||||
---|---|---|---|---|---|---|---|---|
June 1 | Inventory | 123 | $5 | $ 615 | ||||
12 | Purchases | 403 | 6 | 2,418 | ||||
23 | Purchases | 188 | 7 | 1,316 | ||||
30 | Inventory | 219 |
Weighted avg unit cost = 6.091
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.)
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