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Shamrock, Inc. uses a periodic inventory system and reports the following for the month of June. Date June 1 12 23 30 Explanation Inventory Purchases
Shamrock, Inc. uses a periodic inventory system and reports the following for the month of June. Date June 1 12 23 30 Explanation Inventory Purchases Purchases Inventory Units 105 350 200 250 Unit Cost $5 6 7 Total Cost $ 525 2.100 1,400 Your answer is correct Calculate weighted-average unit cost. (Round answer to 3 decimal places, e.g. 5.125.) Weighted-average unit cost $ 6.145 eTextbook and Media Your answer is partially correct. Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average-cost. (Round answers to O decimal places, eg. 125.) FIFO LIFO Average-cost $ 1700 1250 1536 The cost of the ending inventory The cost of goods sold $ 2325 $ 2775 2489
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