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Yount Company reports the following for the month of June: Date Explanation Units Unit Cost Total Cost June 1 Inventory 195 $9 $1,755 June 12
Yount Company reports the following for the month of June: Date Explanation Units Unit Cost Total Cost June 1 Inventory 195 $9 $1,755 June 12 Purchases 307 10 3,070 June 23 Purchases 501 11 5,511 June 30 Inventory 111 Compute the cost of the ending inventory and the cost of goods sold under (1) FIFO and (2) LIFO. FIFO LIFO Ending Inventory $?? $?? Cost of goods sold $?? $
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