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Winston Corp. has the following inventory information available for June of 20X1: Date Number of Units Cost per unit Total Cost 80 $12 $960 June
Winston Corp. has the following inventory information available for June of 20X1: Date Number of Units Cost per unit Total Cost 80 $12 $960 June 1 Beginning Inventory June 15 Purchases 100 $ 9 $900 June 30 Purchases 35 $11 $385 The company sold 100 units in June. Required: Using the above information, fill in the chart below with the amounts that should be reported for total cost of goods sold for June and the cost of ending inventory at June 30 under both the LIFO and FIFO cost flow assumptions, respectively. Do not include commas or decimal points in your answers. LIFO FIFO Cost of Goods Sold $ e $ e Cost of Ending Inventory $ $
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