question 9

assessment.education.wiley.com + WAS Assessment Player Tool Inbox Solved: In Its First Month Of Operation.. BUS 201 - College of the Canyons WAS Assessment Player Tool Course Hero Compute the cost of the ending inventory and the cost of goods sold using the average-cost method. (Round answers to 0 decimal places, e.g. 1,250.) The ending inventory $ 1466 The cost of goods sold $ 11728 eTextbook and Media - Your answer is partially correct. Will the results in (a) be higher or lower than the results under FIFO and LIFO? Ending inventory is lower than FIFO $ 534 and higher + than LIFO $ 666 In contrast, cost of goods sold is higher * than FIFO $ 528 and lower + than LIFO $ 672 eTextbook and Media Save for Later Attempts: unlimited Submit Answer Assignment sent to Gradebook. Your grade is being recorded. Sun, Apr 19, 2020, 6:15:08 PM (America/Los Angeles -07:00) I assessment.education.wiley.com + WAS Assessment Player Tool Inbox Solved: In Its First Month Of Operation.. BUS 201 - College of the Canyons WAS Assessment Player Tool Course Hero Kingbird, Inc. reports the following for the month of June. Units Unit Cost Total Cost June 1 Inventory 400 $4 $ 1,600 12 Purchase 800 7 5,600 23 Purchase 600 10 6,000 30 Inventory 200 Your answer is correct. Calculate Weighted Average Unit Cost. (Round answer to 2 decimal places, e-g. 15.25.) Weighted Average Unit Cost $ 7.33 eTextbook and Media Your answer is correct. Compute the cost of the ending inventory and the cost of goods sold using the average-cost method. (Round answers to O decimal places, e.g. 1,250.) The ending inventory $ 1466 The cost of goods sold $ 11728