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Marin Inc. uses a periodic inventory system and reports the following for the month of June. Date Explanation Units 110 June 1 Inventory Unit Cost
Marin Inc. uses a periodic inventory system and reports the following for the month of June. Date Explanation Units 110 June 1 Inventory Unit Cost $5 6 Total Cost $550 2,250 12 Purchases 375 Purchases 220 1,540 30 Inventory 240 Your answer is incorrect. Calculate weighted average unit cost. (Round answer to 3 decimal places, e.g. 5.125.) Weighted-average unit cost $ e Textbook and Media Your answer is incorrect. 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 $ A The cost of goods sold " 4
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