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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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Martinez Corp, uses a periodic inventory system and reports the following for the month of June. (a) Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average-cost. (For calculation purposes, round overage cost to 3 decimal places, es. 5.275. Round answers to 0 decimal places, es. 125)

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