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The data as to purchase and sales of Product B - 1 for June follow. The company uses the perpertual inventory system. All units sell
The data as to purchase and sales of Product B for June follow. The company uses the perpertual inventory system. All units sell for $ each.
June Beginning Inventory Units @ $
Sales Units
Purchase Units @ $
Sales Units
Determine the cost of ending inventory for June using the weighter average costing method. Round units costs to cents and your final total to the dollar. $
Determine the cost of ending inventory for June using the FIFO method. $
Determine the cost of goods sold for June using the FIFO method. $
Determine the cost of ending inventory for June using the LIFO method. $
Determine the cost of goods sold for June using the LIFO method. $
Assuming the FIFO method of inventory used, what is the gross profit for June? $
Assuming the LIFO method of inventory used, what is the gross profit for June?
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