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Jeters Company uses a periodic inventory system and reports the following for the month of June. Date Explanation Units Unit Cost Total Cost June
Jeters Company uses a periodic inventory system and reports the following for the month of June. Date Explanation Units Unit Cost Total Cost June 1 Inventory 120 $5 $600 12 Purchases 370 6 2,220 23 Purchases 200 7 1,400 30 Inventory 230 (a1) Your answer is correct. Calculate weighted average unit cost. (Round answer to 3 decimal places, eg. 5.125) Weighted-average unit cost $ 6.116 (a2) Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average-cost. (Round answers to O decimal places, eg. 125.) The cost of the ending Inventory The cost of goods sold FIFO LIFO Average-cost
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