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Oriole Company uses a periodic inventory system and reports the following for the month of June. Units Date June 1 12 Unit Cost $5 6
Oriole Company uses a periodic inventory system and reports the following for the month of June. Units Date June 1 12 Unit Cost $5 6 Explanation Inventory Purchase Purchase Inventory 130 Total Cost $650 2,400 1,470 400 23 210 7 30 212 (a) Your answer is incorrect Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average-cost. (Round per unit cost to 3 decimal places, eg. 15.647 and final answers to O decimal places, eg. 5,125.) FIFO LIFO Average-cost $ $ Cost of the ending inventory Cost of goods sold $
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