Novak Interiors reports the following for the month of June. Date June 1 12 23 30...

 

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Novak Interiors reports the following for the month of June. Date June 1 12 23 30 Explanation Units Unit Cost Inventory Purchase Purchase Inventory 185 290 The cost of goods sold 525 160 The cost of the ending inventory £ £5 £ 6 7 Total Cost Compute the cost of the ending inventory and the cost of goods sold under FIFO and average-cost. (Round per unit cost to 3 decimal places, e.g. 15.250 and final answers to 0 decimal places, e.g. 125.) £ 925 FIFO 1,740 3,675 41 £ Cu AVERAGE-COST Novak Interiors reports the following for the month of June. Date June 1 12 23 30 Explanation Units Unit Cost Inventory Purchase Purchase Inventory 185 290 The cost of goods sold 525 160 The cost of the ending inventory £ £5 £ 6 7 Total Cost Compute the cost of the ending inventory and the cost of goods sold under FIFO and average-cost. (Round per unit cost to 3 decimal places, e.g. 15.250 and final answers to 0 decimal places, e.g. 125.) £ 925 FIFO 1,740 3,675 41 £ Cu AVERAGE-COST

Answer rating: 100% (QA)

Question Step 1 Beginning Inventory Inventory Purchase 1 Inventory Purchase ... View the full answer