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Moath Company reports the following for the month of June. Units Unit Cost Total Cost June 1 Inventory 344 $5 $ 1,720 12 Purchase 688

Moath Company reports the following for the month of June.

Units

Unit Cost

Total Cost

June 1 Inventory 344 $5 $ 1,720
12 Purchase 688 8 5,504
23 Purchase 516 11 5,676
30 Inventory 172

A- Calulate Weighted Average Unit Cost. (Round answer to 2 decimal places, e.g. 15.25.)

B- Compute the cost of the ending inventory and the cost of goods sold using the average-cost method. (Round answers to 0 decimal places, e.g. 1,250.)

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

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