Question: Inventory Costing Methods - Perpetual Method Shiloh Company uses the perpetual inventory system for its merchandise inventory. The June 1 inventory for one of the
Inventory Costing MethodsPerpetual Method Shiloh Company uses the perpetual inventory system for its merchandise inventory. The June inventory for one of the items in the merchandise
inventory consisted of units with a unit cost of $ Transactions for this item during June were as follows:
Required
a Calculate the cost of goods sold and the ending inventory cost for the month of June using the weightedaverage cost method. Do not round until your final answers. Round to the nearest dollar.
b Calculate the cost of goods sold and the ending inventory cost for the month of June using the firstin firstout method.
c Calculate the cost of goods sold and the ending inventory cost for the month of June using the lastin firstout method.Inventory Costing MethodsPerpetual Method Shiloh Company uses the perpetual inventory system for its merchandise inventory. The June inventory for one of the items in the merchandise inventory consisted of units with a unit cost of $ Transactions for this item during June were as follows:
June Purchased units @ $ per unit
Sold units @ per unit
Purchased units @ per unit
Sold units
please double check that the answers I have are correct
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