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Swifty Company reports the following for the month of June. Units Unit Cost Total Cost June 1 Inventory 260 $6 $ 1,560 12 Purchase 450
Swifty Company reports the following for the month of June. Units Unit Cost Total Cost June 1 Inventory 260 $6 $ 1,560 12 Purchase 450 7 3,150 23 Purchase 330 8 2,640 30 Inventory 130 Compute the cost of the ending inventory and the cost of goods sold under FIFO and LIFO. FIFO Cost of the ending inventory $ Cost of goods sold +A $ LIFO +A $ +A $
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