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Pina Colada Company reports the following for the month of June. Date Explanation Units Unit Cost Total Cost June 1 Inventory 315 $6 $1,890 12
Pina Colada Company reports the following for the month of June.
Date | Explanation | Units | Unit Cost | Total Cost | |||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
June | 1 | Inventory | 315 | $6 | $1,890 | ||||||||
12 | Purchase | 735 | 7 | 5,145 | |||||||||
23 | Purchase | 1,050 | 8 | 8,400 | |||||||||
30 | Inventory | 392 |
(a)
Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average cost. (Round average cost per unit to 2 decimal places, e.g. 5.25 and final answers to 0 decimal places, e.g. 2,520.)
FIFO | LIFO | AVERAGE COST | |||||
---|---|---|---|---|---|---|---|
Ending inventory | enter a dollar amount | enter a dollar amount | enter a dollar amount | ||||
Cost of goods sold | $enter a dollar amount | $enter a dollar amount | $enter a dollar amount |
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