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Larkspur, Inc uses a periodic inventory system and reports the following for the month of June. Date June 1 12 23 30 Explanation Inventory Purchases
Larkspur, Inc uses a periodic inventory system and reports the following for the month of June. Date June 1 12 23 30 Explanation Inventory Purchases Purchases Inventory Units 105 375 205 Unit Cost $5 6 Total Cost $ 525 2,250 1,435 7 240 Calculate weighted average unit cost (Round answer to 3 decimal places, eg. 5.125.). Weighted average unit cost S 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, eg. 125.) FIFO LIFO Average-cost S $ S The cost of the ending inventory The cost of goods sold S $ 5
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