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Marigold Corp. uses a periodic inventory system and reports the following for the month of June. Date June 1 12 23 30 Explanation Units Inventory
Marigold Corp. uses a periodic inventory system and reports the following for the month of June. Date June 1 12 23 30 Explanation Units Inventory Purchase Purchase Inventory 120 340 200 Cost of goods sold 203 Your answer is incorrect. Cost of the ending inventory $ Unit Cost $5 6 7 Total Cost FIFO $ 600 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 2,040 1,400 $ LIFO $ tA $ Average-cost
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