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Pharoah Company uses a periodic inventory system and reports the following for the month of June. Date Explanation Units Unit Cost Total Cost June 1
Pharoah Company uses a periodic inventory system and reports the following for the month of June. Date Explanation Units Unit Cost Total Cost June 1 Inventory 130 $5 $650 12 Purchase 370 6 2,220 23 Purchase 225 7 1,575 30 Inventory 250 Your answer is incorrect. Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average cost. (Round answers to O decimal places, eg. 125.) FIFO Cost of the ending $ inventory Cost of goods sold eTextbook and Media 1750 $ 1120 $ LIFO Average-cost
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