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Kingbird, Inc. uses a periodic inventory system and reports the following for the month of June. Unit Cost Date Units Total Cost Explanation Inventory Purchase
Kingbird, Inc. uses a periodic inventory system and reports the following for the month of June. Unit Cost Date Units Total Cost Explanation Inventory Purchase 130 June 1 12 $5 $ 650 1,980 330 6 23 Purchase 200 7 1,400 30 Inventory 203 (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, eg. 15.647 and final answers to 0 decimal places, eg. 5,125.) FIFO LIFO Average-cost Cost of the ending inventory $ Cost of goods sold $ $ $
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