Question E6-13

Lombart Company uses a periodic inventory system. Its records show the following for the month of Apply per weighteda wori, with 25 units on hand at April 30 Units 30 45 15 90 Unit Cost $ 8 12 Total Cost AprilInventory 12 Purchases $240 495 180 $915 16 Purchases Total a Calculate the ending inventory and cost of goods sold at April 30 using the FIFO and weighted average cost formulas b) Prove the cost of goods sold calculations. E6-14 Den tury information for the month of July: e Company uses a periodic inventory system and its accounting records include the following inven- Apply weighte Unit Cost Total Cost