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Marigold Corp. uses a periodic inventory system and reports the following for the month of June. Date June 1 Units 120 Unit Cost $5 6
Marigold Corp. uses a periodic inventory system and reports the following for the month of June. Date June 1 Units 120 Unit Cost $5 6 Explanation Inventory Purchase Purchase Inventory Total Cost $ 600 2,040 1,400 12 340 23 200 7 30 203 Your answer is incorrect. 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, e.g. 15.647 and final answers to 0 decimal places, e.g. 5,125.) FIFO LIFO Average-cost Cost of the ending inventory $ $ $ Cost of goods sold $ $ Calculate weighted average unit cost. (Round answer to 3 decimal places, e.g. 5.125.) Weighted average unit cost LINK TO TEXT VIDEO: APPLIED SKILLS VIDEO: SIMILAR EXERCISE
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