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Spotter Corporation reported the following for June in its periodic inventory records. Date Description Units June 1 Beginning 24 11 Purchase 40 24 Purchase 36
Spotter Corporation reported the following for June in its periodic inventory records. Date Description Units June 1 Beginning 24 11 Purchase 40 24 Purchase 36 30 Ending 40 Unit Cost $11.20 12.20 14.20 Total Cost $268.80 488.00 511.20 Required: 1. Calculate the cost of ending inventory and the cost of goods sold under the (a) FIFO, (b) LIFO, and (c) weighted average cost methods. (Do not round your intermediate calculations. Round "Weighted Average Cost" 2 decimal places.) Cost of Ending Cost of Goods Inventory Sold FIFO LIFO Weighted Average Cost
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