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principles of accounting help Pharoah Company reports the following for the month of June. Units Unit Cost Total Cost June 1 Inventory 450 $6 $2,700
principles of accounting help
Pharoah Company reports the following for the month of June. Units Unit Cost Total Cost June 1 Inventory 450 $6 $2,700 12 Purchase 900 8 7,200 23 Purchase 675 12 8,100 30 Inventory 225 Your answer is incorrect. Calculate Weighted Average Unit Cost. (Round answer to 2 decimal places, e.g. 15.25.) Weighted Average Unit Cost $ Compute the cost of the ending inventory and the cost of goods sold using the average-cost method. (Round answers to decimal places, eg. 1.250.) The ending inventory The cost of goods sold X Your answer is incorrect. Will the results in (a) be higher or lower than the results under FIFO and LIFO? Ending inventory is than FIFOS and than LIFOS In contrast, cost of goods sold is than FIFOS and than LIFOS Step by Step Solution
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