Skysong, Inc.uses a periodic inventory system and reports the following for the month of June.

Question: Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average-cost?

Skysong, Inc. uses a periodic inventory system and reports the following for the month of June. Unit Date Explanation Units Cost Total Cost June 1 Inventory 130 $5 $ 650 12 Purchase 390 6 2,340 23 Purchase 220 7 1,540 30 Inventory 224