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Kuchin Company reports the following for the month of June. Date Explanation Units Unit Cost Total Cost June 1 Inventory 120 $5 $600 12 Purchases
Kuchin Company 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 | 500 | 7 | 3,500 |
30 | Inventory | 240 |
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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