Question
Wildhorse Company uses a periodic inventory system and reps the following for the month of June. Date Explanation Units Unit Cost Total Cost June
Wildhorse Company uses a periodic inventory system and reps the following for the month of June. Date Explanation Units Unit Cost Total Cost June 1 Inventory 130 $5 $650 22 12 Purchase 370 6 2,220 23 Purchase 190 7 1,330 30 Inventory 193 (a) Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average-cost. (Round per unit cost to 3 decimal places, e.g. 15.647 and final answers to O decimal places, eg. 5,125.) Cost of the ending inventory $ Cost of goods sold $ FIFO LIFO SA +A Average-cost
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Financial Accounting Tools for Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
9th edition
1-119-49356-3, 1119493633, 1119493560, 978-1119493631
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