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Martinez Company reports the following for the month of June. Date Explanation Units Unit Cost Total Cost June 1 Inventory 180 $ 6 $ 1,080
Martinez Company reports the following for the month of June. Date Explanation Units Unit Cost Total Cost June 1 Inventory 180 $ 6 $ 1,080 12 Purchase 420 7 2,940 23 Purchase 600 8 4,800 30 Inventory 224 (a) Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average cost. (Round average cost per unit to 2 decimal places, e.g. 5.25 and final answers to 0 decimal places, e.g. 2,520.) FIFO LIFO AVERAGE COST Ending inventory Cost of goods sold $ $ $
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