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The Mason Corporation had beginning inventory of 160 units and purchased 2,000 units during the month of June. June 1 Beginning Inventory 160 Units @

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The Mason Corporation had beginning inventory of 160 units and purchased 2,000 units during the month of June. June 1 Beginning Inventory 160 Units @ 31.00 each June 3 Purchased 1000 Units @ 31.50 each June 20 Purchased 1000 Units @32.00 each Mason Corporation sold 1.800 of these units during the month. Required: Calculate the total # of units available for sale and the # of units remaining in ending inventory. Calculate the ENDING INVENTORY and the COST OF GOODS SOLD for the month of June under LIFC FIFO and Weighted Average methods of valuing inventory. Cost of Goods Sold Ending Inventory IFO: Cost of Goods Sold Ending Inventory Weighted Average: Cost of Goods Sold Ending Inventory

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