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Pronghorn Corp uses a periodic inventory system and reports the following for the month of June. Unit Cost $5 Date June 1 12 23 30
Pronghorn Corp uses a periodic inventory system and reports the following for the month of June. Unit Cost $5 Date June 1 12 23 30 Explanation Inventory Purchases Purchases Inventory Units 120 320 200 240 Total Cost $ 600 1.920 1.400 6 7 Calculate weighted average unit cost. (Round answer to 3 decimal places, e.g. 5.125.) Weighted average unit cost $ eTextbook and Media Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average-cost. (Round answers to O decimal places, e.g. 125.) FIFO LIFO Average-cost $ The cost of the ending inventory The cost of goods sold eTextbook and Media
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