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Question 10 of 10 < > View Policies /1 !!! Current Attempt in Progress Bramble Ltd. reports the following inventory transactions in a periodic
Question 10 of 10 < > View Policies /1 !!! Current Attempt in Progress Bramble Ltd. reports the following inventory transactions in a periodic inventory system for the month of June. A physical inventory count determined that 1,700 units were on hand at the end of the month. Date June 1 Explanation Beginning inventory Units Units Cost Total Cost 1,590 $4 $6,360 213 12 Purchases 2,100 5 10,500 16 Purchases 4,830 23 Purchases 1,430 19 6 28,980 10,010 Determine the cost of the ending inventory and cost of goods sold using (1) FIFO and (2) average cost. (Round FIFO answers to the nearest whole dollar, eg. 5,275 and Average cost answers to 2 decimal places, e.g. 15.25. Round unit cost to 6 decimal places. e.g. 15.243876.) FIFO Cost of the ending inventory Average
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