$5 6 7 4,800 4,200 Question Two: (14 points) Moath Company reports the following for the month of June. Total cost Date Explanation Units Unit cost $2,000 June 1 Inventory 400 June 12 Purchase 800 June 23 Purchase 600 June 30 Inventory 700 Required: Compute the cost of ending inventory and cost of goods sold at June 30 using the FIFO and LIFO and weighted average methods Lifo: ending inventory = (booka) 45char (H00x5)+ (300x6) = 3800 cogs = 600x 7) +600X 6) - 7200 fifo: ending inventory=C100x 6) + 600 x 7) = 4800 cogs = (Hoox 5) + (700x6) = 6200 weighted average: Total cost of total units goods available available for sale for sale 11,000 1800 6.11 Continue on the next page