Concord Corporation reports the following for the month of June.

part 1: calculate

Weighted Average Unit Cost

part two: Compute the cost of the ending inventory and the cost of goods sold using the average-cost method.

part three: Will the results in (a) be higher or lower than the results under FIFO and LIFO?

				Units			Unit Cost			Total Cost
June 1		Inventory		240			$ 5			$ 1,200
12		Purchase		480			8			3,840
23		Purchase		360			10			3,600
30		Inventory		120