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Sarasota Corp. reports the following for the month of June. Exercise 6-7 Sarasota Corp. reports the following for the month of June Date Units Explanation
Sarasota Corp. reports the following for the month of June.
Exercise 6-7 Sarasota Corp. reports the following for the month of June Date Units Explanation Inventory Purchases Purchases Inventory Unit Cost Total Cost June 1 12 23 30 131 377 206 218 655 2,262 1,442 7 Calculate weighted-average unit cost. (Round answer to 3 decimal places, e.g. 5.125.) Weighted-average unit cost 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 s The cost of goods soldStep by Step Solution
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