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Sunland Company uses the periodic inventory system and reports the following for the month of June. Unit Cost $5 June 1 Inventory Purchase Purchase Inventory
Sunland Company uses the periodic inventory system and reports the following for the month of June. Unit Cost $5 June 1 Inventory Purchase Purchase Inventory Units 320 640 480 160 Total Cost $ 1,600 5,120 5,280 11 Calculate Weighted Average Unit Cost. (Round answer to 2 decimal places, e.g. 15.25.) Weighted Average Unit Costa LINK TO TEXT Compute the cost of the ending inventory and the cost of goods sold using the average-cost method. (Round answers to o decimal places, e.g. 1,250.) The ending inventory s The cost of goods sold s LINK TO TEXT Will the results in (a) be higher or lower than the results under FIFO and LIFO? Ending inventory is than FIFO $ and than LIFO $ and than LIFO $ In contrast, cost of goods sold is than FIFO $ Click if you would like to Show Work for this question: Open Show Work
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