Moath Company reports the following for the month of June. June 1 (a1) 12 23 30 Inventory Purchase Purchase Units 200 400 300 Inventory 100 Unit Cost Weighted Average Unit Cost $ $5 6 7 Total Cost $1,000 2,400 2,100

Compute the cost of the ending inventory and the cost of goods sold using the average cost method

Moath Company reports the following for the month of June. June 1 (a1) 12 23 30 Inventory

Purchase Purchase Units 200 400 300

Inventory 100 Unit Cost Weighted Average Unit Cost $ $5 6 7 Total Cost $1,000 2,400 2,100

(a) Compute the cost of the ending inventory and the cost of goods sold using the average cost method

Will the resultd in (a) be higher or lower than the results under FIFO and LIFO?

Moath Company reports the following for the month of June. (a1) Calulate weighted average unit cost. (Round answer to 2 decimal places, e.g. Weighted Average Unit Cost $ Will the results in (a) be higher or lower than the results under FIFO and LIFO