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Pharoah Company uses a periodic inventory system and reports the following for the month of June. Unit Cost Date Units 120 June 1 12 23
Pharoah Company uses a periodic inventory system and reports the following for the month of June. Unit Cost Date Units 120 June 1 12 23 Explanation Inventory Purchase Purchase Inventory $5 6 Total Cost $ 600 1,980 1.400 330 200 7 30 204 (a) 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, e.g. 15.647 and final answers to 0 decimal places, e.g. 5,125.) FIFO LIFO Average-cost Cost of the ending inventory $ $ $ Cost of goods sold $ $ $
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