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