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purchases in june June 1 - 500 @ $12, June 6 - 1800 @11, June 14 - 500@$10, June 20 - 500 @$13 Sales in

purchases in june

June 1 - 500 @ $12, June 6 - 1800 @11, June 14 - 500@$10, June 20 - 500 @$13

Sales in June

June 9 - 1000@15, June 17 - 400@$16, June 21 - 1,400 @18

a) calculate ending inventory at june 30 under the periodic weighted average method

b) compute ending inventory at june 30 under the periodic fifo inventory pricing method

c) compute ending inventory at june 30 under the perpetual lifo inventory pricing method

d) prepare journal entries at june 30 under periodic fifo inventory pricin method

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