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Question: (a)Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average-cost.(Round average cost perunit to 2 ?decimal
Question: (a)Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average-cost. (Round average cost perunit to 2 ?decimal places, e.g. 5.25 ?and final answers to 0 ?decimal places, e.g. 2,520.)
aCompute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and averagecostRound average cost perunit to ?decimal places, eg ?and final answers to ?decimal places, eg
Date Explanation Units Unit Cost Total Cost June 1 Inventory 225 $5 $1,125 12 Purchase 525 6 3,150 23 Purchase 750 7 5,250 30 Inventory 280 (a) Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average-cost. (Round average cost per unit to 2 decimal places, e.g. 5.25 and final answers to O decimal places, e.g. 2,520.) Ending inventory $ +A Cost of goods sold $ FIFO $ $ LIFO AVERAGE-COST $ $
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