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Two: (14 points) Moath Company reports the following for the month of June. Date Explanation June 1 Inventory June 12 Purchase June 23 Purchase June
Two: (14 points) Moath Company reports the following for the month of June. Date Explanation June 1 Inventory June 12 Purchase June 23 Purchase June 30 Inventory Required: Units 200 400 300 350 Unit cost Total cost $5 $1,000 6 2,400 7 2,100 Compute the cost of ending inventory and cost of goods sold at June 30 using the FIFO and LIFO methods
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