Ivanhoe Company uses a periodic inventory system and reports the following for the month of June. Date June 1 (a) 12 23 30 Explanation Units Unit Cost Inventory $4 Purchases Purchases Inventory 84 336 The cost of goods sold 210 190 The cost of the ending inventory $ 6 8 Total Cost $336 Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average-cost. (For calculation purposes, round average cost to 3 decimal places, e.g. 5.275. Round answers to 0 decimal places, e.g. 125.) FIFO 2,016 1,680 $ LIFO 972 3060 $ LA $ Average-Cost 1216 2816

Ivanhoe Company uses a periodic inventory system and reports the following for the month of June. (a) Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average-cost. (For colculation purposes, round average cost to 3 decimal places, es. 5.275. Round answers to O decimal places, es. 125