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Martinez Corp. uses a periodic inventory system and reports the following for the month of June. Date Units Unit Cost Total Cost Explanation Inventory 120
Martinez Corp. uses a periodic inventory system and reports the following for the month of June. Date Units Unit Cost Total Cost Explanation Inventory 120 $ 5 $ 600 June 1 6 12 325 1.950 Purchases 7 23 230 1,610 Purchases 30 Inventory 250 Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average-cost. (Round answers to o decimal places, es. 125.) FIFO LIFO Average-cost The cost of the ending inventory $ 1.730 $ 1.380 $ The cost of goods sold 2.430 $ 2,780 $
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