Larkspur, Inc. uses a periodic inventory system and reports the following for the month of June.

Date		Explanation		Units		Unit Cost		Total Cost
June 1		Inventory		105		$5		$ 525
12		Purchases		375		6		2,250
23		Purchases		205		7		1,435
30		Inventory		240

Calculate weighted-average unit cost. (Round answer to 3 decimal places, e.g. 5.125.)

Weighted-average unit cost

$enter a weighted-average unit cost in dollars

eTextbook and Media

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.)

		FIFO		LIFO		Average-cost
The cost of the ending inventory		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount
The cost of goods sold		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount

eTextbook and Media

eTextbook and Media

List of Accounts

Compute the cost of the ending inventory under the average-cost method, assuming there are 400 units on hand at the end of the period. (Round answer to 0 decimal places, e.g. 125.)

The cost of the ending inventory

$enter the cost of the ending inventory in dollars

eTextbook and Media

List of Accounts