Question: II. Problems 1. Inventory Cost Flow methods Johnson Company reports the following for the month of June. The company uses periodic inventory system. Instructions: Compute

II. Problems 1. Inventory Cost Flow methods Johnson Company reports the following for the month of June. The company uses periodic inventory system. Instructions: Compute the cost of the ending inventory and the cost of goods sold under (1) FIFO, (2) LIFO, and (3) average cost. (Show your work to earn points)

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