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Pharoah Company uses a periodic inventory system. Its records show the following for the month of May, in which 146 units were sold. Date
Pharoah Company uses a periodic inventory system. Its records show the following for the month of May, in which 146 units were sold. Date Explanation Units Unit Cost Total Cost May 1 Inventory 68 $10 $680 15 Purchases 56 13 728 24 Purchases 79 14. 1,106 Totals 203 $2,514 Compute the ending inventory at May 31 and cost of goods sold using the FIFO, LIFO, and average-cost methods. (Round per unit cost to 3 decimal places, eg. 15.647 and final answers to O decimal places, eg. 5,125) FIFO Ending inventory at May 31 $ Cost of goods sold $ $ LIFO $ Average-cost
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