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Sarasota Corp. reports the following for the month of June. a) Calculate weighted-average unit cost. (Round answer to 3 decimal places, e.g. 5.125.) b) Compute
Sarasota Corp. reports the following for the month of June.
a) Calculate weighted-average unit cost. (Round answer to 3 decimal places, e.g. 5.125.)
b) Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average-cost. (Round answers to 0 decimal places, e.g. 125.)
Exercise 6-7 Sarasota Corp. reports the following for the month of June Date Units Total Cost Explanation Unit Cost June 1 131 Inventory $5 655 12 Purchases 377 2,262 23 Purchases 206 1,442 30 Inventory 218 Calculate weighted-average unit cost. (Round answer to 3 decimal places, e.g. 5.125.) Weighted-average unit cost LINK TO TEXT VIDEO: APPLIED SKILLS VIDEO: SIMILAR EXERCISE Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average-cost. (Round answers to 0 decimal places, e.g. 125.) FIFO LIFO Average-cost The cost of the ending inventory The cost of goods sold Click if you would like to Show Work for this question: OStep by Step Solution
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