Filnt Corporation uses a periodic inventory system and reports the following for the month of June....
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Filnt Corporation uses a periodic inventory system and reports the following for the month of June. Explanation Total Cost Date Units Unit Cost 110 $5 $ 550 June 1 Inventory 12 Purchases 370 2,220 23 Purchases 230 7. 1,610 250 30 Inventory Calculate welghted-average unit cost. (Round answer to 3 decimal places, e.g. 5.125.) Weighted-average unit cost Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average-cost. (Round answers to O decimal places, e.g. 125.) FIFO LIFO Average-cost The cost of the ending Inventory %24 %24 The cost of goods sold Filnt Corporation uses a periodic inventory system and reports the following for the month of June. Explanation Total Cost Date Units Unit Cost 110 $5 $ 550 June 1 Inventory 12 Purchases 370 2,220 23 Purchases 230 7. 1,610 250 30 Inventory Calculate welghted-average unit cost. (Round answer to 3 decimal places, e.g. 5.125.) Weighted-average unit cost Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average-cost. (Round answers to O decimal places, e.g. 125.) FIFO LIFO Average-cost The cost of the ending Inventory %24 %24 The cost of goods sold
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Weighted Average unit cost 617 Average Cost FIFO LIFO The cost of the ending 1730 1390 1542 inventor... View the full answer
Related Book For
Intermediate Accounting
ISBN: 978-0078025839
9th edition
Authors: J. David Spiceland, James Sepe , Mark Nelson , Wayne Thomas
Posted Date:
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