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Problem 4 Liberty Company is a wholesaler of scented candles. The activity from Item no. 03 during June is presented below: Problem 4 Liberty Company

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Problem 4 Liberty Company is a wholesaler of scented candles. The activity from Item no. 03 during June is presented below: Problem 4 Liberty Company is a wholesaler of scented candles. The activity from item no. 03 during June is presented below: 1. Under FIFO method, how much is the total cost of goods sold in June? 2. Under FIFO method, how much is the ending inventory of Item No. 3 in June 3. Under moving average method, how much is the total cost of goods sold in June? 4. Under moving average method, how much is the ending inventory of Item No. 3 in June? SHOW SOLUTIONS ROUND OFF TO WHOLE NUMBER

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