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Pina Colada Corp. uses a periodic inventory system and reports the following for the month of June. Date June 1 12 23 30 Explanation Units
Pina Colada Corp. uses a periodic inventory system and reports the following for the month of June. Date June 1 12 23 30 Explanation Units Inventory 120 Purchases Purchases Inventory 390 Your answer is correct. eTextbook and Media 190 230 Weighted-average unit cost $ The cost of the ending Inventory Your answer is incorrect. The cost of goods sold Calculate weighted-average unit cost. (Round answer to 3 decimal places, eg. 5.125.) Unit Cost $ $5 $ 6 7 Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average-cost. (Round answers to 0 decimal places, e.g. 125.) Total Cost $ 600 2,340 1,330 FIFO 6.10 $ $ LIFO $ $ Average cost
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