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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
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 114 $ 4 $ 456 12 Purchases 456 6 2,736 23 Purchases 285 8 2,280 30 Inventory 265 (a) ) Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average-cost. (For calculation purposes, round average cost to 3 decimal places, eg. 5.275. Round answers to O decimal places, eg. 125.) FIFO LIFO Average-Cost The cost of the ending Inventory $ $ $ The cost of goods sold $
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