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Novak Interiors reports the following for the month of June. Date Explanation Units Unit Cost Total Cost June 1 Inventory 185 5 925 12
Novak Interiors reports the following for the month of June. Date Explanation Units Unit Cost Total Cost June 1 Inventory 185 5 925 12 Purchase 290 6 1,740 23 Purchase 525 7 3,675 30 Inventory 160 Compute the cost of the ending inventory and the cost of goods sold under FIFO and average-cost. (Round per unit cost to 3 decimal places, e.g. 15.250 and final answers to O decimal places, e.g. 125.) The cost of the ending inventory The cost of goods sold 4 FIFO AVERAGE-COST
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