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Sunland Company reports the following for the month of June. Units Unit Cost Total Cost June 1 Inventory 300 $ 10.00 $3,000 12 Purchase 450
Sunland Company reports the following for the month of June. Units Unit Cost Total Cost June 1 Inventory 300 $ 10.00 $3,000 12 Purchase 450 11.00 4,950 23 Purchase 750 12.00 9,000 30 Inventory 160 (a) Compute the cost of the ending inventory and the cost of goods sold under (1) FIFO and (2) LIFO. FIFO LIFO Ending inventory $ $ Cost of goods sold $ $ e Textbook and Media Save for Later Attempts: 0 of 3 used Submit Answer (b). Compute the cost of the ending inventory and the cost of goods sold using the average cost method. (Round per unit cost calculations to 2 decimal places, e.g. 5.25 and final answers to decimal places, e.g. 125.) Ending inventory $ Cost of goods sold $ e Textbook and Media Save for Later Attempts: 0 of 3 used Submit
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