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Marin Inc. uses a periodic inventory system and reports the following for the month of June. Date Explanation Units Unit Cost Total Cost June 1
Marin 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 110 $5 $550 12 Purchases 375 6 2,250 23 Purchases 220 7 1,540 30 Inventory 240 (a1) Your answer is correct. Calculate weighted-average unit cost. (Round answer to 3 decimal places, e.g. 5.125.) Weighted-average unit cost $ 6.156 eTextbook and Media Using multiple attempts will impact your score. 15% score reduction after attempt 3 (a2) Attempts: unlimited 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.) The cost of the ending $ inventory The cost of goods sold $ eTextbook and Media FIFO Save for Later Using multiple attempts will impact your score. 15% score reduction after attempt 3 $ $ LIFO $ $ Average-cost Attempts: unlimited Submit
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