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Martinez Corp. uses a periodic inventory system and reports the following for the month of June. Date June 1 (a) 12 23 30 Explanation Inventory
Martinez Corp. uses a periodic inventory system and reports the following for the month of June. Date June 1 (a) 12 23 30 Explanation Inventory Purchases Purchases Inventory Units Unit Cost 98 The cost of goods sold 392 245 225 The cost of the ending inventory $ $4 $ 6 8 Total Cost Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average-cost. (For calculation purposes, round average cost to 3 decimal places, e.g. 5.275. Round answers to O decimal places, e.g. 125.) $392 FIFO 2,352 1,960 $ $ LIFO $ $ Average-Cost
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